All Fourth Wave Options Still on the Table

From the daily chart, below, there is still a way an upward (d) wave could bang into a horizontal barrier. However, depending on what happens in the overnight, the red-dotted line indicates that perhaps the running triangle variation would happen instead. And, if the up wave goes significantly over the prior (b) wave, then perhaps the diagonal is forming.  

With regards to the potential diagonal, rather than the potential triangle, the rule would be that if (b) is (i) of a diagonal, and (d) is (iii) of a diagonal, then wave (iii) must by rule make a higher high than wave (i), the current wave (b).

The internal wave count of this up wave has a couple of options, some of which we showed in the comments for the prior post.

Let's see how it goes.

TraderJoe