Noble Group Bearish

I am still new to Elliot, but with my understanding, it seems that Noble Group is undergoing the 3rd motive wave downwards. The first motive wave has brought it down to a price of 1.54 before the subsequent corrective wave took it up to a price of 1.92. Now it seems that Noble is into the third wave. As the third wave is never the shortest, but usually the longest, it might be bearish for Noble. Correct me if I am wrong.

We would have to wait for some fundamental reasons to lift market sentiment on this stock, and turn the downtrend around.