PSE UPDATE: Dead cat bounce or the beginning of the supercycle wave 3 rally?

Figure 1. PSE Elliot Wave Analysis

Note:

In a Flat correction pattern , the length of each wave is identical. After the 5th impulse wave, the price drops to wave a. It then rallies to the previous high (wave b). Finally, the price drops one last time to/near the previous wave a low (wave c) before rallying up for another 5 elliot wave pattern.