Here is my prediction for YETI. We are able to count the 5 waves properly by using a parallel channel
. This means that the correction following the 5 waves is a wxy correction where the end of the (x) wave reaches a higher price than the start of the (w) wave. This is a perfectly legal correction following Elliot's rules. Also a confirmation on this correction can be seen if we look at the end of the (y) wave. If we draw a horizontal line from the bottom of (y) to the bottom of subwave ii within the 5th wave in the channel we see that they pretty much are at the same price level. This is also another observation that Elliot
noticed and talked about occurring pretty often. This leaves YETI to be done with its correction and now begins the road of another impulse wave.