Absolutely. fun to count but you can't put everything into it because 10 people could have 10 different interpretations (lol).
What I at least try to do is apply the rules since I'm not an ewave expert. For example if a wave 4 bottom overlaps a top of wave 1,
I dismiss it as impulsive. I know there are some who might say well in some cases there are exceptions. I think that is where
most of the subjective stuff comes in because some try to fit the waves to what they want as opposed to what is actually there.

For me, I just like to see if I can time a wave III or a C vs a wave 1 or something that is not forecast to have much power. As an options "straddler" I'm trying to find a blast off point in either direction. If the other tools like MACD etc coincide with a good looking count, the odds are just better.

But thanks for the picture. Perfect example. In yours you have the latest up as part of a big C where 73 was the end of a B. Where a few others have the latest up from 73 as the end of a 2 and the start of a 3.

Based on the look "right now", its so non impulsive since 73 that at this point looks like C. with overlapping waves. Espcially since the lastest top isn't confirmed by volume and even open interest was falling so it was more closing positions than new buying.

I think the key will be what happens when this latest correction is over. Will it shoot up? Is this a leading diagonal and is that why it looks corrective instead of the start of an impulse? Or do we head back down below 73 in a new impulse down. Fun stuff indeed. Thanks again for your chart!