There is also the possibility that we just completed Wave 2 of the final move down, having reached the 61.8% retracement of Wave 1:
The i-ii labelled on your chart I count to actually be iv (triangle) v (truncated) because I think it makes a much cleaner count internally and for the abc. Even so it wouldnt disturb the idea too much that we could possibly be in wave II. Wave II would then be in a state of throw-over above the log downtrend line, and the clock is ticking. it should resolve quickly.