I believe wave (D) is "in." note the fifth sub wave cannot be larger than the third sub so that put a cap on the move higher (because the third wave cannot be the shortest)
Expecting wave (E) to retrace 50% to 61.8% of (D). The triangle is almost complete.
What is your opinion on PentarUhdi's new bearish chart? Also, do you think wave E is finished, or can it drop a bit more?
user100000
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@MonocoleDundee, in elliott wave theory a triangle pattern always appears just before the final leg. so by definition, we have one more leg (primary wave 5) to complete this impulse wave (cycle III)
re (E) wave.............. this sideways action seems to be the B sub wave (a triangle by the look of it) and i'm expecting a C wave drop to complete the (E) wave