CIVIC Update: Prices need to move above wave i.....what does this mean? Who's Elliott Wave?

CIVIC posted very clean five waves 1,2,3,4,5 and should be done with the abc (red) correction. If this is the case, then the labeled wave i and ii are early signs of an impulsive move to resume the uptrend. The key is for prices to rise above wave i so as to confirm that wave iii has started.

Here is a zoom in to 7 day chart. The reason why prices need to rise above wave i is because it wasn't itself that impulsive and can also be counted as abc three wave. For now, I'll lean to the bullish side. Also, if that support line breaks, that reduces the odds of a trend change.

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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.