Perhaps a comparison of where the primary wave count seems to be in 2022 as compared to the 2008 5-wave impulse down.
It would indeed look better if Minor 1 of (3) ended even lower. That would make today’s low wave (i) of [v] of 1 of (3) down.
If it was Minor 1 down today, then we have reason for a Minor 2 bounce.
NASDAQ Composite. Retreated some Fibonacci 61.8% of the entire rise from March 2020. And in about half the time it took to get up there.
