Thanks, it's no clearer though. Is this based on a wave theory...

Thanks, it's no clearer though. Is this based on a wave theory you've come up with? Or are you basing this off EWT? If EWT then we'd currently be in Corrective Wave 4 based on your earlier count. You've got two wave '2' labeled there but waves 1,3 and 5 are impulse waves with 5 being the final leg in the direction of the dominant trend. Hate to come across like I'm poking holes in your post, but I just can't understand how you've decided to label your 'waves' like that? It could be a gap in my knowledge, so if my understanding isn't correct please help me learn!