following my current count( i am still learning EW) we should see wave 3 touch the top of the ascending channel or perhaps crest just above it before retracing for a wave 4, wave 5 should see us rise above the channel and then begin our new 3 wave move down to retest the top of the channel. i am still cautious as many belive we may see 57-58k as major resistance zone and can retrace for a primary wave 2 down to 47-50k before our primary wave 3 up above the previous ATH.