Watching $JASMY closely here — the C wave only tagged the 1.382 extension of wave A, which is modest by Elliott standards. When you see that kind of shallow extension and then price rolls back below the wave A high, it's a red flag that the whole move up might've been corrective, not the start of a fresh impulse.
I've seen this pattern play out before. If $JASMY doesn't reclaim that breakout zone fast, we're looking at increased risk of a deeper pullback — potentially even new lows. The structure matters. Stay disciplined, respect your stops, and don't force a bullish read if the wave count isn't cooperating. Sometimes the market tells you to step aside.
I've seen this pattern play out before. If $JASMY doesn't reclaim that breakout zone fast, we're looking at increased risk of a deeper pullback — potentially even new lows. The structure matters. Stay disciplined, respect your stops, and don't force a bullish read if the wave count isn't cooperating. Sometimes the market tells you to step aside.
