W1 complete? let's see! I think that this impulse will likely not see the ATH and as such most will call it immature.
Remember, it's not about what we think, it's about what others think.
So in line with the EW theory, this could complete W1 and present another great buying opportunity... W2 'disbelief' correction is the most severe (sub 1.00??)
W3 will be the strongest 'participation' phase. Where I will re-employ my money, if it happens at all.