(Click at the picture to enlarge)The entire red wave [B] now looks almost complet. We can count a clear five wave upmove and the complex wave 4 ended with a triangle. The good thing about triangles is, that they predict that there will be one more rally in the direction of the main trend, before being retraced to at least the triangle apex, which in this case would be 143,50.
As can be seen, the corrective wave 2 was a simple Zig-Zag, which due to the principle of alternation calls for a complex wave 4. This complex wave 4 will often come in the shape of a "Flat" or a "Triangle", but in this case it came as two Zig-Zags and one Triangle.
When red wave [B] finaly ends we should see a very powerfull move down in red wave [C], which should ultimately take us down to 123.21 and below.
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