I see impulsive moves yes and the wave pattern is very similar to HLG (see that thread) just started a bit later.
5 waves up and 3 waves down is how that theory works though I know no one here gives it much credence. Its already done the 62% retracement to 3.05 It will be a traders delight at 3.00 (strictly2.95 but the round figure could act as support) if it was to get there (78% retracement) with a stop at 2.85.