Thoughts: Potential Elliot Wave Formation

I'm seeing a potential Elliot wave formation after this huge spike. Fib levels look like theres support at 275 and 245 areas. Will we see retracement back to these levels? If this does follow the Eliot wave prediction, we might be seeing next high at 500 (.786 Fib)! I feel like Lite at this point is so unpredictable its hard to say what its going to do. Thoughts comments appreciated.

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Just broke the .236 fib level. We on our way up!!