IBEX 35 - Expanded flat or a running triangle correction?

IBEX 35:

Manuel asked me for my opinion on the Spanish IBEX 35.

I'm looking for a rally in wave C of an expanded flat correction. As a minimum target for wave C I will be looking for 12,474. That said we have to be aware of the possibility of this being a running triangle, if this Count proves correct, that would only call for a rally towards 11,074 before lower in wave D.