Price and Chart HIO, page-5061

OO, got a ER-HRVHR feeling here

In a motive wave (which can be in any time scale), wave 3 is usually 162% x wave 1.
If wave 3 is small (but can't be the smallest), then wave 5 will be huge.
If wave 1 is huge, then wave 3 can be at least of equal size to wave 1 and wave 5 probably the smallest.

47c is also a 62 fib resistance, it is expected TA resistance may be found there.

Both Elliott Wave and 62 fib resistance points that 47c is a TA target for many TA traders.

These lines are not usually clear.

In this example I've used a 2h chart