After a 5 wave structure is completed, a 3 wave correction occurs.... We don't know how deep it is... This why many chartist are using Fibonacci ratio to find targets... For instance, FVL.t had an obvious 5 wave structure completed. You can draw the Fibs targets using the tool in stockcharts.com:443/... For FVLt , it surpassed a 50% retracement... The usual targets are 38%, 50% and 62%...