- On the weekly chart, you can see that there is a CYCLE zigzag truncate pattern. According to Glen Neely, this pattern has a minimum target of an 81% retracement @45.5. - On the daily chart, there are two likely scenario that could occur: 1. Primary wave [2] has already completed and we are approaching Primary wave [3]. 2. Primary wave[2] might not be completed: we might be in an Intermediate wave(B) of the primary wave[2].