An explanation of the ongoing sequence on the weekly chart :
In a bearish view on this frame of weekly chart, it appears that on the [ A – Triangle B – C ] formation as the subsequent of supposed sequence (B), wave C could still be extended to lower.
The expected fibo-expansion target for the wave C, could be around the 953 level where would be established an equality ratio with the wave A.
An alternation on the ongoing [ A – Triangle B – C ] formation :
On the second chart, an alternate count has been shown, for when on the A-Triangle B-C formation which is likely completing, the first wave be considered as a three-waves subsequent. And hence, adjusting the wave count to a sequence W -Triangle X – Y .