1. wave iii in of the low on your chart appears too short and not sure that it should be labelled like that (referring to initial move of the low)
2. The wave 1 in yellow looks like a 3 wave zigzag rather then 5 waves.
So if we follow your counts it might be possible larger ABC move up with wave C still in progress and wave v of 5 to develop.
Conversely I it might have already topped having retraced the previous decline in which case it will break down below your MAs.