Technical analysis by Senku010 about Symbol ARK on 4/20/2025

Here's my refined Elliott Wave count for ARKUSDT, offering a potential roadmap for future price action.Big Wave A: Completed Bullish ImpulseI've identified a clear five-wave impulse (1-2-3-4-5) that appears to have concluded a significant upward move. The sub-wave analysis shows:Wave 2: A healthy 61.8% Fibonacci retracement of Wave 1.Wave 3: A strong extension, reaching 261.8% of Wave 1.Wave 4: A standard 23.6% Fibonacci retracement of Wave 3.Wave 5: A less common truncation, failing to surpass the peak of Wave 3.Overall, this structure suggests a completed motive wave.Big Wave B: Complex Double Three Correction (W-X-Y)Following the impulse, the price action has unfolded into a lengthy and deep corrective pattern, which I interpret as a Double Three (W-X-Y).Wave W: This initial corrective wave shows a deep 'b' wave retracement (78.6%, with significant time extension) and a very deep 'c' wave retracement (300%), which suggests a complex internal structure that warrants further inspection (potentially not a standard corrective three-wave).Wave X: The connecting wave appears to be a Zigzag, with a deep 'b' wave (78.6% retracement) and an extended 'c' wave (141.4% extension). The overall Wave X retraced 38.2% of the preceding move.Wave Y: This final corrective wave of the Double Three is a complex structure itself (potentially another Double/Triple Three). Its sub-waves (w, x, y) show various Fibonacci relationships, with the overall Wave Y retracing 78.6% of the move from the start of Wave W to the end of Wave X.Overall Correction: Big Wave B retraced a significant 78.6% of Big Wave A and took considerably longer to unfold, indicating a strong counter-trend move.Current Outlook & Potential Big Wave C:Since the low in late 2024, we've seen a strong bullish move. This suggests that the complex Big Wave B correction has likely completed, and we are now potentially in the early stages of a new bullish impulsive wave – Big Wave C.Bias: Medium-Term Bullish