If this ABCDE Triangle holds, then we should see some short coverings soon. If it fails then the Yellow support lines are were I put the bulk of my Long ladders.
The one thing to keep in mind when studying EW is the 5 wave impulse on the last bottom. I put a yellow arrow pointing to it. It was a perfect impulse with no questionable form or no EW rules violated. So an impulse means one of 2 things. Either a new bull run or large correction is still in the process of playing out, or This is wave X of a large WXY or double WXYZ correction. The break of the white ABCDE triangle would tell me which it is. This is how i can play with my speculation money set aside while my core holdings stay in cold storage
The next 2 days should let us know what it's going to be