Price created a channel with a Quasimodo setup , a drop occurred last week before the reversal yesterday as the wave 2 , we are shorting for the wave 3 of the circle with the target been 1.618% extension and 2.168% level as our target for the wave 3.
price is expected to reject 88.6% fibo level with WAVE ABC deep correction. and wave 3 is expected to start to the downside with Target at extension 100%
price is expected to retrace for wave 4 before continuation to the down side fo completion of the wave 5 which is impulsive wave to complete the irregular flat befoe pice rally to 83 level for minor wave 3
price is expected to retrace 50% --- 61.8% of the total wave after the leading diagonal , which consist of internal 5 wave. 61.8% will be the target of the buy trade