$LUMN Impulse or squeeze?

The way the fibs are lining up, I am tending to believe this is an impulse and not just an isolated short squeeze, but my Elliot wave theory understanding is limited at best. I found this stock through option flow, then looked at the chart and thought it looked impulsive, but am aware this is one of the meme stocks and perhaps technical analysis is flawed in the world of meme, I don't know. But the first wave 2.618 happens to line up almost to the tick with the top of wave 3, and the wave 4 has formed a shakeout pattern through the .618 retracement of wave 3. Technically all the rules of an Elliot impulse wave are in tact and for the low price of the options currently vs the projected targets, I had to take a punt on this one. Not financial advice, call your Mom for that, I know I will be calling her later.