Elliott Wave Theory is a conceptual theory and it's concepts can help us to take an entry in the market or we can exit as well using it's demonstration.

It is really interesting that how the Elliott waves are applied to find out the upward and downward movements.

The first fives Elliot waves are bluuudh in long term but if we see them in shirt timeframe there occurs two corrective waves as well. Those corrective waves are 2 and 4 and these are connected to each other..

You have implemented the Elliot waves Theory with solid foundation. Best of luck.