Triangle Forming

Looks like a triangle is forming on the 34 min chart. This is consistent with my last post that there will be one more push short before wave .iii is finished on the daily chart. The movement will make a new low below 1.4780 and likely hit 1.4716. It is not possible to tell right now if the triangle is complete or if it has simply finished a complex c wave. Time will tell. Either it does not change the outlook. Once the move is finished I would expect a rapid retrace long to 1.5574. More on that once the low is in place.