Smaller Elliot wave 3rd impulse will complete larger 1st impulse
What I am seeing is the completion of a Elliot wave, 3rd impulse leg (blue), which makes the Entire Elliot wave the 1st impulse (Yellow) of a much larger wave. The Yellow wave should be a much stronger wave, and the 2nd and strongest impulse of that wave may also have mini Elliot waves built into it. The Q1 ER report should be yet another record breaker, showing the company is on track for it's net profitable 100 MIl revenue FY-16.