Kiyo,
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After the impulsive move(wave 1 in red) which ended in September 2020, there was a correction which we could've labelled as the ABC correction of wave 2(where I've labelled as extended flat A). We were expecting a bullish impulsive wave 3 afterwards but this bullish wave wasn't as sharp as even wave 1(in red). After careful observations, you'll realize it's an extended wave made up of ABC x ABC x ABC. As elliotticians know, ABC sub waves can't form a wave 3. Unless those familiar with the harmonic Elliott wave count. I chose the traditional waves instead. So I labelled that bullish wave which started from 23rd September 2020 and ended on 1 June 2021 as an extended wave B. So now we have extended wave A, which is made up of 3 waves. We have extended flat B, which is basically made up of 3 waves but this time it's extended. Hence we have a triple ABC zigzag as extended wave B. However wave C is always made up of 5 sub waves no matter which type of correction it finds itself. So wave C started from 1st June 2021. It expected to end at the region of where extended flat A ended. That's around the 1.28000 regions. Wave 1(in yellow) of Extended flat C ended on 21st July 2021. Then came ABC correction to complete wave 2(in yellow) of Extended flat C which ended on 20th October 2021. That's like 3 months in terms of duration. This gives a clue that the next corrective wave which is wave 4 "MAY" be shorter. So after wave 2 ended, wave 3 of Extended flat C began from October and then ended in December 8th, 2021. The bullish trend which began from 8th December is a correction for wave 3. It looks likely that the correction has ended. That is, wave 4(in yellow) of Extended flat C has ended today. However should it resume its movement to go up, we can target 1.35712 as a key resistance level. One may ask WHY? The reason is in Elliott waves, although they do happen sometimes, it is unlikely that wave 4 will overlap with the price region of wave 1, that is to say, wave 4 rarely touches where wave 1 ended. As we can see, wave 1 ended at 1.35712 . That will also be the 61.8 % of the wave 3 which ended from October 2021 and ended in 8th December 2021. Also when you zoom in, you'll realize wave 4 is currently at 50% of wave 1. Its also at 1.618 of wave A of wave of 4 of Extended flat A. Simply means, wave 4 consists of ABC. Price is currently at C and this C has extended 1.618 of the previous A. Zoom in for clearer details. Also price is currently at the mid-line of the channel which forms the wave C of 4(in yellow). so now we are expecting wave 5 in yellow to complete extended flat C
You can zoom in and out to get a clearer picture of what I'm about to type.
After the impulsive move(wave 1 in red) which ended in September 2020, there was a correction which we could've labelled as the ABC correction of wave 2(where I've labelled as extended flat A). We were expecting a bullish impulsive wave 3 afterwards but this bullish wave wasn't as sharp as even wave 1(in red). After careful observations, you'll realize it's an extended wave made up of ABC x ABC x ABC. As elliotticians know, ABC sub waves can't form a wave 3. Unless those familiar with the harmonic Elliott wave count. I chose the traditional waves instead. So I labelled that bullish wave which started from 23rd September 2020 and ended on 1 June 2021 as an extended wave B. So now we have extended wave A, which is made up of 3 waves. We have extended flat B, which is basically made up of 3 waves but this time it's extended. Hence we have a triple ABC zigzag as extended wave B. However wave C is always made up of 5 sub waves no matter which type of correction it finds itself. So wave C started from 1st June 2021. It expected to end at the region of where extended flat A ended. That's around the 1.28000 regions. Wave 1(in yellow) of Extended flat C ended on 21st July 2021. Then came ABC correction to complete wave 2(in yellow) of Extended flat C which ended on 20th October 2021. That's like 3 months in terms of duration. This gives a clue that the next corrective wave which is wave 4 "MAY" be shorter. So after wave 2 ended, wave 3 of Extended flat C began from October and then ended in December 8th, 2021. The bullish trend which began from 8th December is a correction for wave 3. It looks likely that the correction has ended. That is, wave 4(in yellow) of Extended flat C has ended today. However should it resume its movement to go up, we can target 1.35712 as a key resistance level. One may ask WHY? The reason is in Elliott waves, although they do happen sometimes, it is unlikely that wave 4 will overlap with the price region of wave 1, that is to say, wave 4 rarely touches where wave 1 ended. As we can see, wave 1 ended at 1.35712 . That will also be the 61.8 % of the wave 3 which ended from October 2021 and ended in 8th December 2021. Also when you zoom in, you'll realize wave 4 is currently at 50% of wave 1. Its also at 1.618 of wave A of wave of 4 of Extended flat A. Simply means, wave 4 consists of ABC. Price is currently at C and this C has extended 1.618 of the previous A. Zoom in for clearer details. Also price is currently at the mid-line of the channel which forms the wave C of 4(in yellow). so now we are expecting wave 5 in yellow to complete extended flat C