I do not usually start with the larger picture first, however this is unusual. When something is out of the ordinary expected in structure the best is to wait and see which way it will break. The smaller descending triangle is out of place in the larger descending triangle - we are expecting 5 sets of 3 waves - or could this be a very messy running flat where this is still wave 4 forming as wave1 was prolonged. What we do know is there is a lot of traffic going up weekly pivot weekly trend monthly pivot and monthly trend. So we will follow this evolving structure looking for a breakout up or down where an entry can be determined.
