Past. It has printed a 1-2, [1]-[2], i-ii, and -[ii]. A series of higher lows and lower highs have created a symmetrical converging triangle. Typically such a triangle breaks out in the prevailing trend which is up. And it has precisely broken out recently. With such a count, the target will take some work to figure out. We will take each wave at a time, starting with the highest degree and work backwards as the waves develop.