Maybe it's wishfull thinking, but it's a good reversal point.
Hopefully the resistance dome will hold and break to the downside...
The count is valid if the arc resistance and the recent low holds. Note that 1 is larger than i / 3, hence i / 3 shouldn't be marked as 3 and labeling that whole large move as 1 and the current consolidation as 2. Violent move in July best fits wave 3. The very long consolidation and a series of a-b-c moves (each shorter than the next one) best fits the wave 4 and...