Will look into that! The .4147 was a 'rough' estimate, but what I was mainly looking for was a solid break through .0468. When triangles are forming in a congestion of Fibonacci confluence zones [key zones where important fib levels overlap], the thrust tends to blow through the confluence zones [which normally act as strong support and/or resistance].
In this case, the formation I was looking at was solely the last triangle. Depending on the waves within the triangle [and when appropriate, the larger overall pattern for a little extra confirmation], you can find which way the triangle will resolve. The thrust doesn't count as part of the triangle since it's the result of a completed triangle.
That's where I misspoke in the video. I was saying wave E is going to form the downward move, but what I meant to say was once wave E is done [which marks the triangle completing] the thrust out of the triangle will be downward. In the video I labeled the triangle incorrectly. I was saying A started on the bottom, but the image I posted shows A at the top, which is the correct interpretation [confirmed by what we saw today].
To be real specific about this move down [it really shouldn't matter for most people], I still think we're going to very very quickly move down to .041-.043 area once more, and then I expect beautiful greenery :)
About to make a video [will definitely get to the point in this one!] regarding today's action to see if yesterday's analysis is on the right track, so I'll say why we may dip down a little quickly. It doesn't matter right now in this chart because this is such a small triangle / move, but if this same scenario were in a much larger move, the concept would be just as applicable, but much more important.
Thanks for your comment, I like these discussions too
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