That was by far the most perfect Elliot Wave I've seen ( Yellow Numbers) - All waves corresponded perfectly to the rules, wave 3 is 1.618 of wave 1 just sooo good. and wave 5 is 0.618 of wave 1+3 such a perfect landing...
Now what we observe is a massive correction, which is counted as Elliot wave ( maybe zig-zag?) There are levels of retracement 0.618 & 0.768 which are typical landing for corrective wave 2.
If the whole structure is 1 & 2 on the daily chart then wave 3 is expected to land at ~30$
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