With a five, Elliott has reduced the price. Now we have to draw a fibo retracement from the beginning of this cycle to the end of it ( 0 to 5) and the minimum correction (here correction means price growth) will be 61.8% fibo.
NEXT TARGET IS FIBO 78%
The vertical lines of time analysis are based on Fibonacci
NEXT TARGET IS FIBO 78%
The vertical lines of time analysis are based on Fibonacci