No not into Elliott Wave Theory.
Elliott Wave Theory is a subjective stock trading concept. You can have 10 people look at the same chart and come up with 10 different counts.
There are 2 many rules.
About the only thing I agree with Elliott Wave Theory, is that the stock market is traded in repetitive cycles.
Whereas, my cycle system is not subjective, confirmations are in cement (no recounts).
"but usually 3 bottoms equal a solid bottom for a move up" I have 873 60 min cycles that says that's a bunch of baloney. A 60 min short down phase averages 1 low, 60 min average down phase averages 2 lows, 60 min extended down phase averages 4 lows, a 60 min super cycle down phase averages 6 lows.
From 2011 to Present the 60 min down cycle average is 3 lows
2017 average is 2 lows
2016 average is 3 lows
2015 average is 3 lows
2014 average is 3 lows
2013 average is 3 lows
2012 average is 3 lows
2011 average is 4 lows
But that is misleading:
In 2017 114 of 137 60 min short to average down cycles 2 lows or less.
2016 97 of 137 had 2 lows or less
2015 51 of 124 2 lows or less
2014 59 of 138 2 lows or less
2013 56 of 109 2 lows or less
2012 59 of 120 2 lows or less
2011 42 of 105 2 lows or less
Then you have the extended to supercycle down phases:
2017 33 of 137 has had 4 to 6 lows
2016 46 of 137 had 6 to 11 lows
2015 57 of 124 had 6 to 11 lows
2014 51 of 138 had 6 to 10 lows
2013 42 of 109 had 6 to 9 lows
2012 48 of 120 had 7 to 13 lows
2011 49 of 105 had 7 to 12 lows
So my point here is 3 lows is not the norm for a down cycle it's either 2 or 6 to 13.