$PI – Elliott Wave Correction Unfolding

PI – Elliott Wave Correction Unfolding

The recent 5-wave impulse topped at 0.4661, marking a strong rally phase ✅.
Now, the structure is shifting into a corrective ABC wave:

Wave (a) completed with a sharp drop

Wave (b) rebound nearing completion around the 0.4100 region

Wave (c) projection:

First support at 0.3695 (Fib 0.618 retracement)

Deeper correction possible towards 0.3383 if selling pressure accelerates



📊 Key Observations:

Short-term structure favors a bearish pullback before the next bullish setup

Watch 0.4100 — failure to break higher keeps correction in play

High volatility expected during completion of Wave C


Conclusion : If price holds above 0.3695 after the correction, bulls may regain control. But a break below could extend the retracement to 0.3383 before any major rebound.