Updated count on this symbol, worth laying out in full since it's shifted from what's been tracked in recent posts.
The first impulse ran from the late-June low near 1,520 through Wave 1 to Wave 5, topping near 1,975 in mid-July. That completed cycle corrected in a clean ABC, A down to 1,865, B bouncing to 1,940, C completing near 1,815, textbook proportions relative to the impulse that preceded it.
From that C low, a second, larger impulse took over. Wave 1 ran to 1,955, Wave 2 corrected to 1,860, Wave 3 extended sharply to 2,500, Wave 4 pulled back to 2,368, and price is currently pushing through what's now labeled the start of Wave 5, trading at 2,476.05.
The projected Wave 5 target sits in the 2,900 to 3,000 zone, sized off Wave 3's extension the same way every prior Wave 5 projection on this feed has been calculated. That's not a new methodology, it's the same proportionate approach applied to a fresh five-wave sequence.
Under Continuation Acceleration Protocol, updating a count openly when the structure shifts is the discipline that matters more than being right on the first pass. The earlier double-three read on this symbol described real price action at the time. What's followed since built a cleaner five-wave sequence, and the count should reflect what actually happened, not defend an earlier label.
What invalidates the current Wave 5 projection: a close back below the Wave 4 low near 2,368, breaking the proportionate correction this new leg depends on. What confirms it: continuation toward 2,900 to 3,000, completing the second impulse.
