Clearly, the previous counts were wrong and invalidated.
If this is a W-C, the timelines get pushed back to 5th December for the next wave down.
We're currently at a logical fib level, but I expect this could retest the yellow wedge resistance too. Will wait until I see signs of reversal.
We're probably in W-2 of the overall W-3 down.
We also had a similar W-2 up last in march of the W-1 down. If we replicate the march W-2 onto the current chart - this is what we get. It also aligns well with the Fib retracement of the W1 of W3 down.
I'm curious what happens next, so here's the published idea!
Taking a calculated risk here.
Assumption: This is a backtest of the breakout above resistance. Start of the W-C up should be in place shortly. Taking trade with 2x Lev to upper end of resistance channel.
Stop loss: Once the triangle support is broken.