Damn, ADA is really messy. The big problem is, that I am not sure at all, what is the right eliott wave count. The thing is, that I can anotate it as a big ABC correction, with wave "B" as triangle. Another reason, why this count might be probable is the height of both big legs down - they have same height, so ABC correction makes sense.
But on the other hand, I can also anotate this whole cycle as a 5 wave move, with wave "4" as a triangle. So if it is only ABC correction, we should see very soon some strong move to the upside and we will surpass previous high, but if it is 5 wave move, we will see only small retracement and then downtrend will continue.
But on the other hand, I can also anotate this whole cycle as a 5 wave move, with wave "4" as a triangle. So if it is only ABC correction, we should see very soon some strong move to the upside and we will surpass previous high, but if it is 5 wave move, we will see only small retracement and then downtrend will continue.