So wave 1,3 and 5 are uptrend waves, 2 and 4 are downtrend. Wave 2 cannot be lower than where it started, and wave 4 cannot be lower than wave 2. From what I'm seeing (the true Elliott Wave Theory is difficult to count), we went down on wave 2, we are in wave 3, which is the longest wave, and wave 4 will be a pullback at some point, and wave 5 will complete the cycle. Any PRs, and the theory goes out the window. Thoughts