25 October 2019

Still Going Up

Minor Subwaves iii and iv (green) have been formed and Minor Subwave v (green) is in progress. Its completion will complete Subwave iii (brown). Then Subwaves iv and v (brown) will follow to complete Wave 3 (brown).

If Wave 3 (brown) completes well above Wave 1 (brown), the whole wave structure so far would be almost validated, but there is a risk that such a three-wave structure would actually turn out to be a corrective wave. We need to have the STI continuing into Waves 4 and 5 (brown) to complete the whole impulse wave.


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