Technical analysis by chart1stry about Symbol TON on 10/31/2025

I’m slightly adjusting my previous plan, as the current structure made me rethink the pattern. Earlier, I thought the ABCDE triangle was already complete, but now I’m starting to doubt that. At the moment, I believe wave E might still need to form — and I see two possible scenarios for how it could unfold: either along the green path or the purple one. I’m leaning more toward the purple scenario, but it’s also possible that what we’re seeing now is still part of wave D — meaning yesterday’s low at 2.0959 could be just a portion of that move. If that’s the case, Tone may first drop toward 1.96 to finish wave D, then rise again to complete wave E of the triangle before continuing downward. In that case, the decline could extend well below 1.96, possibly even toward 1.6.