Hello & good evening

I posted this on twitter earlier, but thought I would also share it here since there is still some time to do so.

Quick update on the count that I posted yesterday, as market refused to drop below 40 cents I came up with this new idea.

The sideways mess can be counted a bit different, and if correct then we don't have to drop below the "W"... and that is possible if the "Y" is a triangle , a special kind of zigzag :

So in this idea the "Y" has to end above the triangle (c) wave, a move below that level invalidates this idea. But take notice that price may go lower on some exchanges, but on this exchange neutral chart it should stay above (c) to keep this idea alive.

If it plays out, this double zigzag correction would be a 2nd wave OR an X wave. That depends on the fact that the rise from the bottom was impulsive or not, that is not entirely clear as said yesterday.  It is also unclear if the (d) is complete at this point, probably not, but it's very hard to be sure, it's a very complex affair. Anyways, when (d) is complete we should see a final shake out (e) wave to end the triangle, but it has to stay above (c).

I will monitor to see if this count plays out or not, if so this would have bullish indications as we could thrust out of this triangle in a potential third wave...  

So hopefully I can update you with some upward price action really soon.