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I've just noticed this, but I have no experience with Elliott wave. Is this a reasonable count? According to this count, we were done with wave II in January 2015, and are now in wave 1 of wave III.

What are its implications? What does this imply for the top of the current impulse wave? Any other info on this or other long term Elliott wave counts?

Chart is needed for any help except for the few good EW analysts we've got out there that probably knows if the latter can still be in play or not.

You just have to cross your finger that they'll passby (usually very friendly with guys trying to learn EW).  ;D

I'll admit I don't do Elliott Wave myself, but I do follow cycles. What does it mean when you go from 0,1,2 to 3/1 through 3/5 and then have a 3? Why does it go ABC after 5?

0 is the start of the impulse. so 0 to 1 is wave-1 (32 high). the 3's are the subwaves of the larger extended 3 (266 high) and his 5 is the 1200 high. Basically luc's count and one of my likely counts. Then the abc is the corrective move to the whole impulse.

@OP; It is my opinion that the first 1xx hit could be A, but the second hit would not be C in that case. Too short in time and the B would not have been deep enough of a retrace of A. I am more of the mind that the second hit was the A or complex W.

And yes, putting your labels on a chart is much better for visualization.

If 2015-01-15 / 195 is the A, then right now, we are in B? We're unlikely to go above the ATH? And we will drop below 1xx?

Where will the current top be? We're at it then? And how far will it fall?

There are rules to be held. While "typical" C waves would go near the A bottom, it isn't a for sure thing which is why you also need some other indicators to watch with your counts. Wave B can move beyond the ath to a certain degree without invalidating the count.

The big wave B is just how I see it, so formulate your own opinion on where we are like your OP. My count is by no means the only possible count, just my preferred count

True