IF we look at the day chart, this looks clear to me as I count 5 down, "ABC", then 5 more down... Start the next wave... 5 up, and so forth. Please comment on any mistakes you see I made, as I am learning, and want to know them! If this is correct, we just hit the bottom and EW states: Wave 2 cannot retrace100%. this goes 99.8% Wave 3 is often the longest, never the shortest. That puts us back at the 10k range!
Throw in some market manipulation and a couple wave failures and this all goes out the window though. LOL