Profunds index and sector trading

[otraque]

I now have in the frame of a downtrend channel from 1559.xx the 1479 area as the upper level of downtred at this point.
Now in terms of your Wave(iii)would that come in effect on a failure at 1479.
As WAVE(iii) forming is of my highest priority, are you saying WAVE(iii) can form near term or is it something significantly farther off in time your frame??? Welles