RACE - finished already or one more lap to go?

28 sept 2023

RACE has been a great buy for plenty of people but I can't help thinking that it might be about to start a 5th of a 5th wave or perhaps have even finished a 5 wave Elliott Wave cycle already. The red count suggests that we are in a 4th wave correction and can expect to see a final 5th wave some time soon. The alternative blue count is much more pessimistic and suggests that the climb is over already and we can expect a marked decline going forward. The fact that the channel sees a 5th wave top and rolls over might lend it some weight. Personally I prefer the red count as in my opinion a number of other counters are displaying similar 4th wave corrections and patterns at the moment.