![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpPI0AUPLk96MP5WeB_DN4bQF3xUX7hPdezLFD0RumAJcFQWUfAAt4zPyNIk9Aq-EVTdEti2fI1qP5i8bNEQWSZS1kEkctGTdTQIsYfk8Bsh0zgivnUqFa1oCsyL3EMzbwIVqjrLNGFsHY/s320/count1217.png)
Market action points to a wave 4 with the possibility of a rally coming as soon as Monday or Tuesday to finish up the impulse waves from 1174. The market has respected the Descending Triangle Triangle Trendlines I drew several days ago and now it looks almost identical as the image below. Also, note the inverse Head and Shoulders formation targeting the 1255 area. I am assuming higher highs early next week and will use the opportunity to re-short the position I covered at 1230. I guess the 1250 target will be met after all.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3RYrbfb3vOBIpNuPbovVrT-sA6FLCVckxRxFOYcFu-vbZf5Y-pWjSS4CQMAl0-AMpgbGkZBzDaSxpBv1u2qmkDSAKIsuquIxBMNjygLbJzA7fllBFHkw35yKyhAXZcsngychcI3vB9RY8/s320/descendingbroadeningtriangle.jpg)
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