We reached the last wave of the channel, and had a move up to the top. Price rejected and came back down to a level of support not yet retested. That move to the top of the channel was wave 1. Now projecting a complete movement to the 23.6% where we meet confluence with trend lines
. Thinking we might have a symmetrical triangle pattern
form where that touch would be D of the ABCDE. Move back down will complete the E, and then we're looking to break out and reach for higher levels.