Impulse Wave 3 Completion & Wave 4 Correction Ahead!

Based on Elliott Wave Theory, it appears that the third impulsive wave has reached completion, signaling the beginning of the fourth corrective wave. According to the rules of wave analysis, wave four typically retraces less than 38.2% of wave three. Additionally, the second corrective wave retraced more than 50% based on Fibonacci levels, further confirming its structure and the initiation of the third wave. Given these factors, a potential target of 2381 is anticipated for the corrective phase.