On 4h timeframe, following breakout was impulse made of 5 wave counts, market entering 5th wave. __________
4th wave is a correction and correction = 3 waves in opposite direction (ABC) Impulse - Correction - Impulse ___________
4th wave = 50% correction of 3rd wave in the above article and wave c also lies on 50%fib. Market is entering 5th wave of market cycle 💡 from 4h. But is you scroll back to previous article you'll notice that market is still in the development of 3rd wave from weekly timeframe
So what you see on 4h as 1to5 impulse wave structure is a 3rd wave on weekly 💡 _________