ETH 4H - Regular Flat (3-3-5) still looks textbookEthereum / US DollarCOINBASE:ETHUSDRedBaitToday i'm sharing Ethereum as it comes close to an interesting area! My primary count remains a regular flat correction. Wave A completed as a 3 wave move. Wave B retraced over 90% of A without making a new low, which fits the textbook definition of a regular flat. From the B low, price appears to be developing an impulsive 5 waves for wave C. If correct, we're currently working through wave 4 before one final push higher. The ideal termination zone sits around the 1 - 1.382 extension, which would also take out the previous high. Importantly, taking the high would NOT be bullish in this scenario, it would actually complete the regular flat structure and it's a minimum target for a regular flat! After a completed 5 wave advance into resistance, I'd be looking for an impulsive reversal ultimately targeting the June lows. Invalidation: A move below the Wave 4 invalidation level noted on the chart before Wave 5 completes would force me to reassess the count. Elliott Wave is about probabilities, not certainties. This is simply the path that currently best fits the structure.