Wave 5 Forming
The STI has crossed over the top of Wave 3 (red). This is the beginning of Wave 5 (red). Two subwaves of Wave 5, i.e. Subwaves 1 and 2 (brown) have formed and it is forming Subwave 3 (brown). This means that Wave 5 (red) will be long, and therefore Major Wave v (blue) will be long. This is the same for the fifth waves of Major Waves i and iii (blue). We shall see.