So far, so good. Applying the following rules/guidelines:
1. The “thrust” more or less equal to the “mouth”.
2. Waves C and A are often equal either absolutely or as vectors.
3. The top often occurs perpendicularly above the “apex”.
4. C must be a five wave move (all C waves are!), see red.
……. we get a precise target of about $8 in about 4 to 5 months. Time will tell!
By the way, these triangles are very reliable patterns. The G-whatever intervention against the Japanese Yen came at the exact time that it should have, see a few entries ago.