I'm suggesting this is one version of two that I have about the possibility that this is the start of a descending triangle pattern. Because it's a longer term pattern, that gives us opportunities within that time if we can identify 1. If it's actually a descending triangle (can only know on the next low) and 2. Figure out which one of my two charts marks the swing high (current rally high).
Comment:
I'm now pivoting to try to identify the range we're in. The predicted path from this post two weeks ago is starting to drift. I'm putting this alternate pattern forward in this link. Please click on the link and look for updates going forward on that post.