$ELF chart has been going to plan here and we got the continuation of Wave 5 from the positive earnings beat.
We can clearly see a tight ascending wedge here in Wave 5 too, which is very common sign for a Wave 5....meaning we can expect a corrective wave next as buyers start to dry up and profit takers extend their selling.
ABC correction is added if the price rejects at $182.
No rejection here and we have an extended Wave 5 to $208 possibly.