The next leg of the Triangle should find support before reaching the bottom of the preceding move. The Triangle should be complete by the end of May, followed by a rally to new highs.
The Triangle forming on daily charts should continue for another couple weeks, followed by a rally to new highs to complete a fifth wave.
The Triangle should last for a few more weeks, followed by a rally to new highs by June.
A triangle is forming on daily charts that has potential to keep prices stalled until later in May.
Trendless conditions on daily charts, bullish trends on monthly charts. Triangles often occur near the end of a larger directional move.
If the market is matching the preceding trend, it is now near its price objective. The duration of the trend could last another few months if a reaction does not occur at the price objective.