Well, you will perhaps learn more about Elliott Wave theory if you have your own research on google. That is a very common strategy used by some traders. They believe in that theory and perhaps it will work because until now, there is someone seeking information with this story.
^{[ https://elliottwave-forecast.com/elliott-wave-theory/ ]}, these are the rules and guidelines for the basic structures of this.
All suggestions above are right, just follow their knowledgeable path way in trading and you were there.