TSE sheds light on triangles.

TSX may 7 2018

There is no triangle in the TSX. In fact there is a clearly impulsive first wave down, about 1600 points, followed by a clear A-B-C counter trend correction of roughly 1000 points. For the connoisseur it is a beautiful Fibo ratio. C is close to being equal to A, just a little more. The structure is perfectly clear. The RSI will soon be over 70%. This thing could turn down in a third wave any moment now.