I think REEF has completed a impulse wave and has been terminated by a truncated wave 5 (maybe a upward impulse or correction).
So now it's within a corrective wave like 2, 4, B, X.
Therefore after completing this wave which has not completed yet (it seems a expanded triangle), a impulse wave should be started (if the correction isn't more complicated).
So now it's within a corrective wave like 2, 4, B, X.
Therefore after completing this wave which has not completed yet (it seems a expanded triangle), a impulse wave should be started (if the correction isn't more complicated).