i don't post charts but it could be WXY or ABC and it could be topping right now, we have pretty clear 5 waver with divergence between 3 and 5 for some C probably
I would agree, but the drop so far imo looks fairly corrective in structure across the exchanges (although this could change quickly lol), and that potential triangle needs another, similarly sized move up to complete the subwave. While it could drop some more, I have a feeling we just finished (a) and have another, larger C-wave ahead of us. That or current c is not complete, but this seems unlikely considering, as you mention, the clear 5 wave structure and div confirmation. I guess time will tell.
The trouble is the higher degree count. Is it possible this impulse is not a C wave but rather a I or A wave in a new move up? It looks to me like the 1370-ish lows may have terminated an ABC already.
Hmmh, if this is an ABC I don't think it'd be possible, since a trend reversal requires an impulse of the previous trend directly preceding it (ie a 5), and as you say 1370-ish lows terminated an ABC, with the final spike being a pretty clear C which largely rules out a truncated 5th wave. However, it would be possible if Wave A and half of B are counted as a triangle, as then the spike down could could have been a 5th. But I am not sure if such a triangle would even be valid, as it doesn't form using the actual bottom of the larger move down as starting point, which I think is required for a triangle to be a continuation pattern of said larger move. Don't know if this is a specific EW requirement though
Something like this in such case:
Would that be valid?