This explains why the last wave down ( wave-e ) was so violent, because wave-e of an expanding triangle is always the largest wave. Also looking at the bigger picture, we've just completed Wave-D of a larger expanding triangle and now we're going to get Wave-E going UP, which is going to be much larger than the last two waves up we've had over the last few months. Wave-E will probably go to at least $1-2 this summer, potentially higher if we have a large blow off wave.
Now that Wave-e is equal to 161.8% of wave-c and has retraced waves ABC 61.8% we've likely found the bottom and will begin quickly moving up from here.
Luckily we're in at the same price we exited so nothing was lost.
This new count is probably the better of the two. The expanding triangle count is now my secondary count, not eliminating it entirely but it seems less likely than the contracting triangle.