This is just my view of the PSEI based on my understanding on Fibonacci and Elliot wave. Triangles are typical of 4th wave of a five of an impulsive wave. I can see a possible breakout from this triangle which would possibly bring the PSEI to the fith wave that may rest on the 4800-5500 level. However, fifth waves sometimes fail to materialize so it is still not 100% assurance but if you look at the bigger picture, I think the fifth wave MAY come. After this, we may expect a 4-6month three wave correction OR More.
Just my thoughts.
