Price formed multi A-B-C waves and narrowed the price range as to form a triangle after wave W and X. A triangle is initial for last wave (wave 5 in this context). Waiting and sell wave 5.
Comments
abail
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It broke the triangle, do you still see wave 3 hitting the 80s?
URIFX
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I am sorry for this late reply! I still wait for breakout. Up to now, wave Y is not a triangle, I would be a expanding flat.