I agree with you. This could get ugly, especially after an ending diagonal pattern. The charts look bearish, let’s see if the support lines hold.
I agree with you. This could get ugly, especially after an ending diagonal pattern. The charts look bearish, let’s see if the support lines hold.
It can't be an ending diagonal, because it has to consist of only 3 waves like 3-3-3-3-3. Wave 1 and 4 need to overlap in an ending diagonal, too.
What I am seing is, your triangle pattern could be an overshooting wave B like ABC, in the form of a running flat or expanded flat.
Thank you for pointing that out. In that case it makes the structure less bearish than I initially thought.