One [HUI] count to keep an eye on.

In the backlink I showed that the bottom of the falling wedge channel had been touched.  There are several possible interpretations of what might come next and none of them are cemented in concrete.  EW does not give certainties, it only pulls forward the most probable outcomes so that you can focus on watching them instead of having no clue as to what to be looking for given that most people think all possible outcomes, which are infinite in number, all have essentially the same odds.  That is what they mean when they say that charting doesn't work.

In any case this chart is based on the fact that this could turn out to be a falling wedge.  In that case, there is a possibility that the bottom is already in because 3 is actually C in that case.  If this model is correct, we could see a 3 wave bounce into blue 4 per below and then one more wave down into blue 5 where blue 5 is about the same length as blue 1.  Bottom line, this model results in an inclining double bottom which is the launch point for Avi's big rally.