The current upside move looks too large compared to the preceding downside move, which has been retraced lately.
In this case, one of the possible ways the waves would emerge is the triangular consolidation abcde white in wave (b) yellow.
The other option is that we already have bottomed in wave (b) at the point where I set the end of wave c of triangle.
Consolidations and corrections are tricky but we still can figure out some of the options, but we never know what future will bring us tomorrow.
In this case, one of the possible ways the waves would emerge is the triangular consolidation abcde white in wave (b) yellow.
The other option is that we already have bottomed in wave (b) at the point where I set the end of wave c of triangle.
Consolidations and corrections are tricky but we still can figure out some of the options, but we never know what future will bring us tomorrow.
