I think the latter. (And as usual, I fully reserve the right to be wrong). And I for one exercise that right frequently :)
Here is my "C"razy count for C. I think the move up from the bottom is a set of threes (and yes a triangle is a three). The move up from the triangle breakout has not had a B correction yet, which I think it needs before resuming it C leg up to the triangle target.
The timing for the long term crazy count comes from my thoughts here: The Large Count with Historical Perspective.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHTcpG1WM4rJDPkrdKNZoVdkVoYPrS7QMNm6vNTuusPU7p_H8TTe0zmePNmQbQzJXVgIb_kGDMxu8QfAIGdINuikGcdHtqedbXWoQBhQ9ZJAuG4om0e6Nd5s8l3dgyFYh4X5ueTdl97pFP/s320/001-binve_01.png)
Disclosure: This post was brought to you by the letter "C"