So many choices

There are different ways to count the decline, but with the small decline out of the triangle i think this is a wave 5 rather then a small wave c. The following rally could be complete or could need one more wave higher. On the bigger timeframe, with the decline probably being impulsive, it is possible that the high (1.2485) is the end of wave IV of 3 or wave A and the impulsive wave is wave "a" of a zigzag (5-3-5)