Triangle, Flat, Zigzag or What

I confess that I´m obsessed with the ratio analysis between waves and the purported fractal configuration of the market and waves; being that, let’s review the relationship.



Proposed Wave (a) could easily be 2 since 1576 points (12231-10655) is a 76% of 2069 (12724 – 10655), however now it doesn´t look that way, in the triangle A is 574 points, B is 513, C is 389, D is 373 and E could be 240 to end around 11900. That way we´ll have E/C= 0.618, C/A= 0.678, so if this is a (b) triangle it must certainly stop above the lower line with a possibility of an intraday undershoot. Citing Prechter , ¨ triangles always occurs in a position prior to the final actionary wave in the pattern of one larger degree¨, the (b) triangle wave of 2 fits that description perfectly.

Wave a of (a) is 989, 9.3% from 10655 to 11644 in 11 days, wave b is 247 or 25% of a, c of (a) is 834 or 7.3% in 11 days, we have a perfect time relationship between a and c of (a).
Now, if (b) is in fact a triangle ending around 11900, (c) must have some relationship with (a), .618 of (a) is 973 would carry (c) to 12873 right above our purposed 0, .382 of (a) is 602 ending (c) around 12500, I am not sure of the triangle now thinking about maybe a double tree.
12400 is the level for Wave 2 retracing 85% of 1, in that view I cannot see the markets going up much next week.