A Triangle is a common 5 wave pattern labeled A-B-C-D-E that moves counter-trend and is corrective in nature. Triangles move within two channel lines drawn from waves A to C, and from waves B to D. A Triangle is either contracting or expanding depending on whether the channel lines are converging or expanding. Triangles are overlapping five wave affairs that subdivides into 3-3-3-3-3.
Check out for more at http://www.ew-forecast.com
Move up to 4th September is my wave 1 of the new trend, 21st Sept wave 2, and the recent peak is the wave (1) of 3
That being said, alternative - price bounces to 103, and then goes back up as a rocket.
I most certainly am not saying I'm right and you're wrong, just sharing a different angle.