So far the previous count looks good and still valid.
Target area for the wave E of the triangle is between 116.20 to 117.60
The following wave 5 may develop as thrust out of the triangle.
But keep in mind: nearly everyone is looking at this "supposed to be" triangle. What, if we are not looking at a developing triangle, but an ABC-flat, which could reach the following areas for example:
A = C = 114,19
C = 1.618 A = 110.31
The ABC-flat is labelled as alternative in the following count. Markets will inflict pain to most of the market participants most of the time. So keep an open mind and try to expect the unexpected.
So far the main count has survived. Price is within a wave 4 (light blue). In this wave 4 price has traced out an ABC-flat, where the wave C of the flat hit exactly the 161.8% expansion of the wave A.
When the count is true, chances are high that we will see a reversal to the downside here.
The corresponding wave light blue 2 had only formed a simple zigzag and retraced deeply.
So we should expect, that the light blue 4 will trace out a more complex correction over the course of the next few weeks. In this sense I think, it is most probable, that we have only seen wave A or W of a complex wave light blue 4.
In this sense we should expect a reversal to the downside here which would ideally lead to the 5120 support shelf at least. Extended 4980/90 area.
A break below of previous lows and the probability goes up, that we have already seen the end of wave light blue 4.