Mapping subwaves of subwaves helps us to determine if we're close to the end of a wave.
The really large "superwave" shows that we are on wave 5. The smaller subwave shows that we are on subwave 5 (of wave 5)
What is not clear is where we are on the "mini-subwave" and the "micro-subwave" (of subwave 5). For that we have to compare the current wave with the waves in Subwave 3 and 1.
In Subwave 3, I have circled the mini-subwaves in green, and the micro-subwaves in pink. In Subwave 1, I have circled the mini-subwaves in purple.
I suspect that Subwave 5 will look like a cross between Subwave 3 and Subwave 1, because Subwave 1 will be the shortest, Subwave 3 is the longest and Subwave 5 will be in-between. I base this on the strength of the wave - I believe it will end lower than $6400, which makes subwave 5 longer than subwave 1, and I don't think 5 will be longer than subwave 3.
So the question is: 1. Have we finished mini-subwave 1 and are on mini-subwave 2? or 2. Are we still on mini-subwave 1, have completed micro-subwave 1, and are on micro-subwave 2?
If the answer is 1.: then that's good, because we are likely to end this superwave 5 at no lower than 5500ish.
If the answer is 2.: then we're in for a very low end point: maybe below $5000.
I believe the answer is 1., because the wave we are on looks like a cross between the waves circled in green and the waves circled in purple, which would be correct if subwave 5 is a cross between subwave 1 and subwave 3.
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