it appears red wave (i) red wave (ii) and red wave (iii) are complete and we are working on red wave (iv) with red wave (v) still to come which will complete the larger degree blue wave 1.
red wave (iv) looks like a triangle with waves d and e almost complete. once they are we expect a strong move to the upside that should carry to 28 or even further.
on the long term.....if this all plays out then will expect a red three wave correction for blue wave 2.