
Uncertainty
The wave count has become uncertain. It seems that the initial little waves of Minor Wave 5 (black) have formed, but I have not inserted the labels due to the uncertainty. If the STI rises above the top of Minor Wave 3 (black) then Minor Wave 5 (black) can be confirmed. But the STI may drop further down to form a new and lower bottom for Minor Wave 4 before starting Minor Wave 5. We have to be patient to see this develops.