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blue C of white Y - w4 overlaps w1 - breaking the core rules of Elliot
blue C of green X - has the wrong look. It has a 3 wave look to it.
red C of yellow (W) - has the wrong look. Wave 2 timing of formation is not in line with W4 timing of formation.
Nature follows the law of simplicity. A triangle is much more likely and is in line with the maturity of the indexes.