Because May 9 low has been touched from below on July 1 the assumption for incomplete motive (5-wave) down has been invalidated. Most likely large move down initiated in April is complete 3-wave. Strong wave up started in July seems like a first leg of zig-zag. This week 3-wave correction down has formed and ... now it is very probable a new 5-wave upward will start (today or early next week).