Let’s violate one of the crucial rules of Elliott Wave Principle: wave 4 can’t overlapse wave 1 and see what will happen.
In leveraged markets this kind of overlapse can be acceptable by come Elliottisians, but here I would like to point out that rest of the waves create a very nice, regular impulsive pattern, just this middle of wave 3 is a little skewed. Alternative labeling of this wave c would be an ABC to the downside but overall „look” of ths wave is clearly impulsive.
Nevertheless, let’s see where we can go with that.
Time will tell.