We are currently observing a triangle at the 4th wave from the impulsive wave up.
couple of facts about the current move:
1- wave 3=wave 1, so it is not a strong wave 3
the triangle is quite a deep correction in this case (reached 50% retracement )
a simple fibo analysis suggest 11871 for the termination of wave 5
you can also see a strong resistance area at...
