Here’s a quick and dirty chart. I think a triangle may be forming right now, and if the count is correct, I’m looking for a break downwards. Take a look and make your own conclusions. For the triangle to remain valid, prices must remain below the wave c high – 79.82.
If it reverses about now, the post-triangle thrust measurement goes down to around the 78.25 level.
Well, it’s really a quick and dirty analysis. Remember to do your own due diligence when trading!
