Possible triangle pattern

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This interpretation shows a completed triangle that would imply a return to the 5th wave advance after this break. Previous targets of around 125-135k are still anticipated for the end of a 5th.

Since triangles often come in 4th waves, this could possibly be the 4th of the 1st of the 5th, if the macro level 5th is going to extend. However, oscillators on the weekly time frame don't seem to indicate an extension.

As always, volume is worth keeping an eye on. Triangles have a habit of continuing when they look complete, so a volume spike above the trend within the triangle would be expected if it is indeed returning to the larger degree advance. At the other end, breaking below the A-C trendline would signal the triangle interpretation is incorrect.
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Just to fix the way I said where the triangle is incorrect: breaking the A-C trendline isn't itself the invalidation - it's just an indicator of a less likely triangle. The actual invalidation point is below wave C.
Chart PatternsTrend AnalysisWave Analysis

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