Elliot Wave Theory, time-wise and price-wise correction.

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A stock after it reaches it 5th wave of larger degree undergoes either a price-wise correction or a time-wise correction or both. Here is a beautiful chart which depicts how Berger paint underwent a time-wise correction over 3 years as a WXYXZ pattern, concluding each wave at the same point.
注释
Each of wave w,y,z concluded at the fibo extension of wave (0-iii to iv) of 0.236. Actual correction started in July 21 and ended in Dec 24.

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