I have been following this pattern closely … after an amazing move upward, we have been consolidating in what looks like a multi-month triangle. From a counting perspective it does fit the characteristics of a 4th wave so we’ll have to watch it closely for signs of the triangle being complete. At this point, right now, I don’t know. The symmetry of the ratio’s of the legs is “close” to the rules (they are supposed to be .618 of each leg) and the most latest low of yesterday finished a very nice buy pattern. For now I will sit on my hands … but the move is coming for weakness of the JPY versus the USD.
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