Long until around 1400-1450, if major upper trendline at point 4 is not broken over summer this will confirm the 5 wave pattern. If it breaks at 4, then we would have the start of a new structure at this timeframe.
Pay attention to how beautifully the golden ratio, fib numbers and geometrics correlate. That is how nature prefers to make structures. These correlations are never wrong and confirms the setups.
We don't know why. We can just guess how
And remember drawings might be wrong, but the price never is.