The price at the resistance of a weekly downtrend + it's at a supply area in the 4H TF and from a daily perspective the price is at the resistance of a trading range
on the monthly timeframe the trend has broke 12-years trend. On the daily timeframe the trend has made an WXY, it established the W then made 2 set of correction waves then rallied to hit the X area with 3 Eliot waves after finishing the W celling it declined with 4 waves so far out of 5-Elliot waves. So probably the fifth wave will hit the 1.16050 level before it...
