I have long been looking for a triangle developing as red wave iv. Blue wave b of the triangle has been a zig-zag correction as would be expected. Wave c would have been equal in length to wave a at 1,172.69, however we have seen wave c stop a Little short of its ideal target with a low at 1,182.35.
I will now be looking for blue wave c higher towards 1,337.70. Look for a break above 1.267.84 to confirm blue wave c is developing.
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