SUMMARY
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The below chart of Darden Restaurants Inc. (DRI) shows an impulse in motion and it's still well within the impulse mode. Wave 3 is clearly not yet complete and likely has one more subwave to be placed. Could white wave 3 be complete? Yes. However, that qualification is usually best determined using subwave placements.
The blue subwaves of white 3 show that blue 5 is still likely not yet in place. This means that higher highs can be expected. Once complete, would I take some profits? I usally take some off the table at waves 3 and 5. The coming ABC correction for white 4 could easil morph into another more complex sequence since white 2 was simple. Rule of alternation could be adhered to.
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