wave 3 of wave 3 of wave 3

stock looks good for an up move.count will be invalid if prices goes below 57.50.Sub Wave 3(purple) of wave 1(green) extended till 161.8% of wave 1(purple) because of which i have labelled the entire pattern as 12345 and not WXY or ABC correction.As of now it seems like we are in Wave 3 of wave 3 of wave 3 and if prices goes below 57.40 view is negated.

Hope i am making sense.