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Per this chart data, it seems like Prudential started its genesis with an ABC correction. This type we've seen a good number in the Cryptos as well. Since the red C wave, the blue impulse shows that all waves except 5 are complete. To qualify these waves, let's look at the subwave components.
The blue 3 is well composed of five subwaves (white). When adding the subwaves of blue 5; waves 1,2,3 are complete with 4 in progress and 5 not yet started. This maintains a bullish stance for PUK and as soon as wave 4 is placed, new all time highs can be expected from blue 5 progression.
The MACD has dipped and might so a bit more to finish out the white wave 4 of blue 5. The onset of blue 5 will start with an upturn of the MACD.
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
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