If this is Z, then its form has already been completed during the 65---74 uptrend phase. It can either develop another uptrend of the same level, or it could end at 74 (73968). Let's use the consolidation of this uptrend as a standard to judge strength or weakness. If the price maintains above this consolidation level, then the possibility of developing the next uptrend increases. Conversely, if it breaks below, the entire rebound may have already completed.