Target reached. Prepare to close short position and enter long position for a 200 - 300, 20 - 30, 40 - 60 ride when there is a higher high. Set stop at the last low.
Microwave iii < Microwave i.
Microwave v should not be longer than Microwave iii.
This down move should not be longer than 220, 25, 60 points.
Prepare to reverse position when there is a higher high near target.
This will be the end of Subminuette Wave iii.
Expect a Bull Trap between today high and the last high.
Prepare to reverse position again when there is a lower low, then set stop at the new last high.
Position reversed. Set stop at the last high. Set target as above. Plan to reverse position again when there is a lower low near target. Will accept 1/2 target
Edit:
if this is Microwave .iv not Subminuette Wave iv.