FCPO - THE MOMENT OF TRUTH

We got our 5 wave down and 3 wave up.

But currently price is trading near our invalidation level.

As for now, Elliott rules for impusle wave still hold where wave 2 can never retrace 100% of wave 1.

Trading above our invalidation level would invalidate the current wave analysis, requiring a reassessment of the wave structure.

Alternate count idea:
extreme low of today morning trading session can be lable as wave 4 end point and the upside rally in today trading session as wave 5.