Dow - Has wave 1 of C ended ?

Same question, has wave 1 of major wave C ended ?


US market rose sharply higher on Monday. Dow rose 2.5% after 2 hours of trading.


If Dow is unable to break the 11,500 level it is like that Dow remains in sub-wave v of wave 1 as shown above.


However if Dow is able to move above 11,500 level, the possibility that wave 1 of major C has ended as shown as Option 2 above. I personally feel that Option 2 has a lower probability if the European markets have yet to complete their respective wave 1.


German DAX is currently having its sub-wave iv rebound.


French CAC 40 is similar to DAX, it is having its sub-wave iv rebound.


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