I know this violates alot of EW rules, but I am of the opinion EW is a framework and sometimes the market is not perfect and we don't get perfect impulses that have good channels. This is a unique wave count because it shows 5 waves but 4 is obviously very large and wave 2 retraces more than wave 1. But if we were to think of the market going down in 5 waves and if the market bounces back each time stronger than it goes down because of outside influences or other things this is a real possibility. i.e. maybe we went down really hard in the b of 4 because of the coronavirus and we went back up because of central banking policy. Again EW is a theory and is not always practical when we apply it word for word.
For a more traditional impulse look at RTY or NYA or even the VIX.
For a more traditional impulse look at RTY or NYA or even the VIX.
Comment:
Also note, you can count the first set o waves as A-B so A and get something like this:
