Triangle, bulish posibility.

Updated
The price action at (c) did not follow thru $8800 level adding to possibility of building a triangle. Extended fifth becomes 5th of 3rd and odds of whole move from $6400 level becoming wave 1 of larger bull increases.

Decline below 8650 invalidates the count.
Trade active
It is possible that triangle is in place with very shallow (e) ( e took a shape of triangle too).
On other hand yet might it still be (d) wave in barrier triangle.

snapshot
Elliott Wave

Related publications

Disclaimer