I noticed a little error in the labelling because for the Elliot Wave principle to hold, one of the requirements is that wave 3 must not be the shortest wave. In the labelling, both wave 1 and the projected wave 5 of the primary wave are longer than motive wave 3 which invalidates the entire thing. This is the reason I don't believe that projection of an ATH of $379 in 2026. Maybe if the EW is recounted, then we will be able to see a different view and draw a different conclusion. It is increasingly becoming difficult to know what the ATH of this market cycle will be given the reluctance of the market to proceed despite that everything that would have added momentum to the market has already happened.
Elliott Wave rule is third wave cannot be the shortest, unless in a Leading Diagonal or Ending Diagonal.
Waves are measured in points not percentages; hence, no rule has been violated in the following analysis:
