It appears that 5 waves up to a VERY sharp wave (a) has formed. Perhaps we are finally seeing wave (b) weakness in some form of consolidation of the amazing gains made over the past many sessions. If wave [i] down is a falling wedge overlapping 5 wave “leading diagonal triangle” as it is labeled, we can expect a very sharp and very deep rebound and so far, that is the case. So, it’s not unexpected.
