Stock has entered oversold area on which indicates BUY setup. But on weekly charts it is in overbought area and does not confirm weekly chart setup.
So stock should drop in next few days. SHORT position can be initiated below 274.5 with targets 270 (1st), and 264 (2nd). Stoploss should be 279.
May be you are right. Elliott wave numbering is very subjective though.
But main Idea is for very short term and I feel correction is due.