Pepe Elliott Wave Analysis: 1.618 Extension Hit

My previous Pepe post talks about the yellow 1.618 extension being the termination point for the higher degree wave (Y) which concurrently is the termination point for higher degree wave (2). Price has now capitulated to the yellow 1.618 and is expected to rally for an additional 5 waves for the higher degree wave (3) because: "What starts in 5's, ends in 5's".