Noteworthy here that in the case of triangles, the last wave (E) rarely aligns with the AC diagonal. It either goes past it or falls short on most occasions. I'm leaning towards it falling short in this case. Which is good news for Alts. CT is mostly bearish, which tells me we are probably bullish here on the market as a whole.
Note
I drew this channel since this Idea was posted. it is now breaking down nicely. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.