According to the bearish expectations :
As expected, the nine-waves triangle formation, as the fourth wave, has worked out. The current fall, from extreme point of the triangle wave (e) at 1.1382 , should be an initial impulsive wave down of the fifth wave. The expected fibo-expansion target for extreme of the fifth wave could be around the 1.0790 , where would establish an equality ratio between the waves v and i of the circled degree.
“A triangle appears to reflect a balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility. The triangle pattern contains five overlapping waves that subdivide 3-3-3-3-3 and are labeled A-B-C-D-E.”