Hi mate, also using Elliot wave theory here but I feel your RR1...

Hi mate, also using Elliot wave theory here but I feel your RR1 count which has the wave 2 correction taking 8 months and the wave 4 correction taking only 1 probably favours a different count. Seems pretty unlikely they would be the same degree IMO. Your wave 4 also dropped into the wave 1 area multiple times including a daily close.

I'm looking at this as possibly two or three wave 1 and wave 2's. This is what I'm hoping we are seeing but it's on the verge of being invalidated. I have an alternative count which is a bit less exciting. There are quite a few possible wave counts here at the moment so it's important to keep watching closely and ruling them out as the data keeps coming in.

I don't like how it's also dropped through both 62% fibs but I bought back in at 1.2c for the impending results.