Dow - Next is wave c ? or sub-wave iii ?

In its January down-trend movement, Dow has completed 5 mini-waves, the low at around 15,400 level can either be the wave a of its major wave (6)

Or the low is the sub-wave i of wave (i) of major wave (1) of its mega wave 2.

The current rebound, whether it is the wave b of major wave (6) or it is the sub-wave ii of wave (i), the magnitude is about there.

The next down-trend can either be the wave c of major wave (6) or it is the sub-wave iii of wave (i). If Dow moves down with steep gradient with high volume, than it is likely to be the sub-wave iii. However, if it moves lower at a slower pace with lower volume, then it is more likely to be the wave c of its major wave (6).



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