This is a closer look at the triangle. Last week, we wrote that “it is likely that wave d of the triangle is underway towards 1.9550/1.96.” Wave d should end this week and give way to the final leg of the triangle. We’ll look for a top and reversal late this week or next week in order to position for the expected drop below 1.93 that will complete the entire bear sequence from 2.1160.
