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RE: XVG finished first wave, looks like a bullish flag correction
Your wave 1 of the pattern should consist of 5 subways, however, look at that wide High/Low spike in the middle. The lowest low of this spike almost drops to your 0, so it cannot be a subwave 4 of your first wave because it will be lower than subwave 2. And the highest high of this spike can't be your subwave 1, because it will be higher than subwave 3. And in both cases this contradicts with the Elliot wave principal.
hmm you're right, perhaps looking at a smaller time frame can justify it, I will look into it now
https://imgur.com/a/hWtzw