Notes on chart. I'm not schooled in e-wave, but if price completed a 5 wave, I would think more upside is in store.
Deduce by subtraction. If it is not an impulse, it is a correction. Only two modes, corrective and motive. Waves that are motive move in the direction of the larger trend and corrections move against the trend. Rules of impulse waves: #1: Wave 2 cannot retrace more than 100% of wave 1 #2 Wave 3 cannot be the shortest in price amongst waves1, 3, and 5. #3 wave 4 cannot enter the price territory of wave 1.