We should have 5 waves in and a potential big top in place.
We should see price go down for at least 3 waves from here and we can short this.
Ideal entry zone would be between the 50%-61.8% Retracement levels.
But can short right now also.
Invalidation point is at 1347.
First Target around 1.305.
Se weekly chart below.
We should see price go down for at least 3 waves from here and we can short this.
Ideal entry zone would be between the 50%-61.8% Retracement levels.
But can short right now also.
Invalidation point is at 1347.
First Target around 1.305.
Se weekly chart below.
Note
Note
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Note
Note
Stop moved to 1305. Consider taking some profits now if you like as we might start to range for the next 2days. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.