I choose another method for showing what we have in US30
We have five waves A,B,C,D,E (Elliot waves) Every wave begins from 38-50 percents of previous wave
1- Wave C begins from 50% wave A 2- Wave E begins from 38% wave C
Now we should ask ourselves where new wave begins? (38-50 % wave E)
In other hand, in Elliot waves theory when you finish fives main (uptrend or downtrend) waves, you will have three sub waves that are inverse previous trend (downtrend or uptrend).
The question is: WHAT DO YOU SEE HERE?! (Hint: google the Elliot waves IMAGES)