Thats what Im getting too wxyz,
3 things can happen here the 5th wave can play out according to typical 5 wave patterns with a bottom down below this current 4th wave (below $20.)
or the 5th wave can run out of steam,(above $20) causing a double bottom scenario.(this is a 5th wave failure)
or the current wave 4 can morph into a new wave 1 impulse(least likeley scenario) as the current resistance around $32 is well below %50 of the overall 5 wave structure
elliot wave analysis bhp daily, page-2
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