now it seems as if a running expanding triangle is playing out, this could be the start of impulse 5 :)
Drop from 58k was standard 3-swing, 1.236 flat formation at 62k was caused by third impulse.
Currently we are going through the final impulse which cannot retrace above 59487 without making impulse 3 the smallest
For evidence on wave 4 & wave 3, check rsi & cmf - buying pressure & momentum have actually been diverging since 23k
Right now price action is dead with bearish divergences on minutely time frames indicating we are still in wave C, however we have hit the 0.68 price target on the flat (if it is a running)
Current price action suggests buyers are not happy with price, and sluggishness is how elliott describes wave 5 themes (same traders moving the price)
great work btw, provided a lot of clarification