Looks like a new head and shoulders is forming... which would take it down to 3200 or 2600 sats - be careful
Trynottolosemoney
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I am new to this as well but i think wave 4 cannot go into wave 1.
Rektitude
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@Trynottolosemoney, exactly. Wave 1 starts from the beginning of the first impulse that is clearly visible on the chart. Wave 2 seems extended and that’s why Wave 4 is steep
Rektitude
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Mmmm why did you say “Short” and you don’t seem to thing if will fall?
Also I think that your 3rd Wave is too small. 3rd Wave is usually the biggest (sometimes it’s 5th Wave) but here it’s almost the length of Wave 1.
I’d say Wave 3 is going from 2442 bottom (same top as you).