I'm waiting to go up to the red box to take short position. $ETH

Updated
Wave 3, which had risen as high as 1.272, made the wave count look more pleasing to my eye.
Apart from that, I think an order block has formed between the 1.272-1.13 region. Profit selling will accelerate downward movement and Wave 5 will be "stump". (I think)
Trade active
Still waiting for the red box. But I can see that 4th Wave's C correction is prolonged correction. So 5th might be stump. 4th wave felt me better on this.
Chart PatternselliottwaveprojectionETHEthereum (Cryptocurrency)Technical IndicatorspriceactionTrend Analysis

Disclaimer