Maximum (Absolute) momentum on drop suggests followthrough to the downside. Incomplete Elliott wave count as well as opening gap suggest that we will see another high! Waiting for followthrough to Buy The Dip!
why did you let wave (iv) to overlap wave (iI) ? isn't it a violation of Elliot rule ?
sciencei
⋅
@unelma, There is a rule that states wave 1 & wave 4 cannot overlap within an impulse. There is no rule that states that the b-wave of an irregular flat wave 2 cannot overlap wave 4...