I'm counting the entire wave upwards from 2347 as a five. Target 3003. If it is a five I believe it is the end of the middle part of an expanded flat for wave 4 of the bigger picture. If so, your collapse to the 2100 area (very likely eventually) will be delayed until we get completion of the 4th wave flat back down to 2600 followed by a surprise final 5th upwards to the 3240 area. Have a look at the pattern and you'll see the possibility of a large 4th wave flat in the form a, abc (now finishing c) c (likely equal to a).
mikeoakster
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In your impulse count, where do you locate waves 2 and 4?
Note that, at May 10, intermediate wave B will be already 1.618 times bigger in time than intermediate wave A, so if all the rise would be wave a of B only, than wave B would end up being perhaps too big to be of the same degree of A.
kunsan
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@mike I know all the arguments for a B wave, and if it IS a B wave then the shape you've shown (where you've placed b) is likely correct. If so, then I would expect wave c to be 0.618 or so of the entire move up to a.
However corrective waves are usually fairly slow sloppy overlapping affairs, whereas impulsive waves tend to move faster and don't have any overlapping wave action. This tremendous rally has all the hallmarks of being impulsive.
For my five count I've got the first two waves from the 2347 low as fives, being a 1,2,1,2 (up to your i). I have an impulsive third wave ending where you have x and wave 4 at y. Now forming a final impulsive 5th wave upwards, target 0.618 same as B wave count.