9:12 The first woe is past; behold, two woes are still coming after these things.
The first woe is past;
This is the woe we have just studied which is associated with the sounding of the fifth trumpet. This woe can be interpreted two ways:
behold, two woes are still coming after these things.
Perhaps, this is said by the eagle (Revelation 8:13) and foretells the next two woes as "trumpets 6 and 7". See the pronouncement after the second woe in Revelation 11:14.