Triangle wave X

Since the top price has declined in a corrective way. And even with this recent sharp rally from 1.4150, i believe price will remain in a range for some time to come, making this sharp rally just part of a wave C of a triangle. As for the alternatives, it is still possible that the latest high is a wave X and we are now in a wave Y, this would mean price will break the big trendline. Another alternative is that wave W wasn't finished yet and this is the latest leg of wave W.