4 Sep 2020 ● 02:54 AM
In my last update I noted that this is a large triangle unless we go past the high of wave C near 13930. Failure keeps this distribution pattern alive. Above that we could have attempted a double top near wave. So far it looks like a failure back below the trendline and overlapping with the June high. The failure of the uptrend, staying below 10600, suggests that we retest the lower end of the triangle near 4300. If the larger triangle is indeed complete the 4300 level should be due for a breakdown.