Description
⋅ Looks like this Triangle is coming to an end as price is in the support zone of wave ((e)) of wave 4.
So, we should see a bounce towards 5.20 and higher for wave 5.
A break above 4.76 is a good confirmation of bullish move.
Invalidation level is at 3.98
R/R > 1/3 !
Comment
⋅ This alternate count suggests we might see one more leg lower before going up.
Comment
⋅ Price is coming a bit to deep ... the alternate count starting to become more relevant
Comment
⋅ Alt count played out, with price falling fast.
We should start see some exhaustion from now on.