A quick update in regards to the recent price action, meanwhile the price did go a bit lower.
I may have found a solution for the messy and overlapping waves from the last couple of days :
The idea is that an expanding diagonal started on Saturday. Each leg of the diagonal is longer in time & price then the previous one. This means that some more downside is expected since wave 5 < wave 3 at the time of writing.
Once the pattern is complete we will need confirmation that this diagonal is from the "ending" type and not "leading". A confirmation will come when the diagonal is retraced in less time then it took to form....
I have nothing to add to my previous posts in regards to the big picture, I am counting the c-wave of a bigger triangle. For more information check the "A Bigger Triangle" posts.
Good luck.
Xennevdl