@itchy15 that is a wave 3..its a sub wave3 of the larger wave 3..wave 3s in any time frame start with a bang (usually) so you can tell by the gap which occurs at 62% Fib of the previous correction and also above the top of wave 1, this is a classic wave 3 trait and often a great place to uncover an accurate count. my labeling is not the best but I`ll get around to it one day.
RAC - Charts & Price Action, page-13796
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