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#VOLTAS Elliott Wave Analysis,(Read it All The Way Through)

We Have Spotted an Apparent Impulse Wave In Action,

We See a Classical Impulse Wave Here, The Reason For Me to Believe This is Because

We Saw Wave 2 to Be Simple and Pretty Deep, That's Why Currently We See The Wave Four Correction To Be Sideways or Atleast not Sharp, This is in Respect to Rule of Alteration,

Secondly, I saw Wave 2 Retracement Had Respected Fibonacci Ratios, Now We See a Sharp Move In Third Wave Which is Not Surprising at all, Because Wave 3 Has This Inherit Personality, Wave Threes are Almost Vertical, We See Successful Gaps In The Direction of The Trend and Also Volume Spikes, These Characteristics Matches Our Wave Three, Take a Look at The Chart and See Yourself, Elliott Said That Usually only One Wave Out of The 3 Waves in the direction of the trend Get Extended and Wave 3 are Prime candidate for it Because of Their Personality, We Here Saw an Extended Third wave, as a matter of fact wave 3 was 4 times the wave 1!, so this was a big extension (this are the waves that makes you rich!)

Now Remember as Elliott Said Usually Only One Wave out of the three Motive waves Get Extended, This Tendency is Important, If Wave Wave Three is Extended, then wave 5 will probably be like wave 1. (but this is not to say that wave 5 cannot extend aswell, it can but it is a rare pattern which usually follows a sharp correction!), Now Wave 5 Is Impending to Unfold, And After that a Correction Will Follow, Wave 5 will most likely be like wave 1 or it can extend aswell in which case a sharp correction will happen once the fifth waves tops out

or we may See a truncated fifth wave which is to say a failed fifth wave, in this pattern the fifth wave fails to go past the peak of wave 3. What you can Derive from this is voltas is in it's final stages before the correction.