Not Yet Done — TON’s Triangle RunI’m slightly adjusting my previous plan, as the current structure made me rethink the pattern.
Earlier, I thought the ABCDE triangle was already complete, but now I’m starting to doubt that.
At the moment, I believe wave E might still need to form — and I see two possible scenarios for how it could unfold:
either along the green path or the purple one.
I’m leaning more toward the purple scenario, but it’s also possible that what we’re seeing now is still part of wave D — meaning yesterday’s low at 2.0959 could be just a portion of that move.
If that’s the case, Tone may first drop toward 1.96 to finish wave D,
then rise again to complete wave E of the triangle before continuing downward.
In that case, the decline could extend well below 1.96, possibly even toward 1.6.
