From the pink wave 2 low, the advance is being interpreted as the developing internal subdivisions of green wave 1. Under the preferred Elliott Wave count, TAO is currently in one of two near-term possibilities: either burgundy wave 4 is still unfolding as a corrective retracement, or burgundy wave 5 has already begun and remains in progress. In either case, the broader structure remains consistent with an incomplete five-wave impulsive sequence within green wave 1, provided the current wave count continues to maintain its Elliott Wave validity.
