We may have completed the 1st in the series of forthcoming IMPULSE waves and now should correct as shown above before resumption of the bull run.

Below is a small description of impulse waves

Five Waves: Impulse waves consist of five waves, labeled as 1, 2, 3, 4, and 5.

Length: Wave 3 is the longest and strongest wave in the impulse wave, and it often exceeds the length of Wave 1.

Momentum: Impulse waves are characterized by strong momentum and volume, indicating the presence of buyers or sellers in the market.

Fibonacci ratios: The length of each wave in the impulse wave is often related to the Fibonacci ratios, with Wave 3 usually being 1.618 times the length of Wave 1.