Will BTC obey the Elliot Wave market cycle?

Will BTC market follow the Elliot Wave cycle which governs the financial market? It has completed the first 5 wave as expected (My last post) and we're seeing the price is stalling at the 1.270 extension (5th wave completions)..

I am eager to see if BTC will obey the Elliot Wave rules. If the structure holds, we're likely to see BTC drop down to $3,000.