The pattern is not yet complete, and the final leg (E) might still be in progress. Triangles can be tricky to predict precisely, as they require confirmation of the breakout (thrust) before the pattern is considered finished.

The yellow shaded area on the chart likely represents the target zone , where the final leg (E) is expected to terminate.

In a contracting triangle, the price converges toward the apex (the point where the trendlines meet), and the breakout (thrust) usually occurs shortly after the E wave completes. The yellow zone could indicate a critical price level or range where traders expect the triangle to resolve, either through a breakout or a brief consolidation before the next major move.

 

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