
Subwave iv
It looks like Minor Wave v (red) has completed, which completes Subwave iii (brown). This will lead to Subwave iv (brown) forming next week. Typically, Subwave iv will go sideways. Since Subwave ii (brown) lasted about a month, we should expect Subwave iv (brown) to last as long or longer in time. The good news is that upon completion of Subwave iv (brown), we shall see Subwave v (brown) forming upwards.
The current wave count is subject to fine tuning as the waves are still developing. But so far the waves are faithfully following the Elliott Wave Principle.