WAVE COUNT So the wave count that I have been mapping seems to be getting more and more solidified. This is the wave count that I had posted about 11 days ago:
In the above MAIN CHART, what you are seeing is that same wave count but now updated with the current price moves and also projected forward. The wave (b) of the abc wave (4) appears to have just been completed. And if so, then the wave (c) should have just started. This wave (c) should be a 5-wave decline. If you look at the current price action, you can see that I have marked it as a possible wave 1 down of this possible 5-wave wave (c) down. And that this wave 1 is not yet complete. Of course, if I am right, then there will be a wave 2 to follow that may move back up to retest the highs yet again and may form a triple top. Maybe. Not necessarily.
PATTERNS I've projected a POTENTIAL shark pattern and a POSSIBLE 5-0 pattern based on the current price action. Notice that the completed shark pattern if it completes where it is projected, the resulting 5-0 pattern has it's D point completing right at/near a MAJOR SR Structure.