I have slightly adjusted the end of the recent "ii" wave. This wave was made up of 3 sub-waves, in A-B-C style. This hit a failure when wave C failed to move beyond the end of wave A. This shows strength in the direction of the main trend, which is up. The recent rally is evidence of this strength.
Cliff notes: We are in wave iii of 1 of III, heading up.
Cliff notes: We are in wave iii of 1 of III, heading up.