The movement from June 26th till August 10th is a wave (3). It must be consist of five waves. Waves 1, 2 and 3 are seen clearly. Wave 2 is a tapering triangle. Wave 4 is an expanding triangle. And I admit the thought that today we do not see the completed version of wave (3). In any case, after the completion of wave (3), we will see the development of wave (A) of the tapering triangle (4). Go short.