Sold on possible 123 squeeze pattern to the down side
The move from the top looks like 3 waves so all or a majority of that should be retraced
Could extend if a zig zag forms, if it does get up there it will set up a monster sell trade
Think we are in wave five of a higher degree wave 3 impulse I expect a wave 4 pullback and advance in wave 5 to higher levels
Anticipating a short term move up on a 123 squeeze pattern
Could bounce to upper trend line I would look for short there, I anticipate a break lower will wait for pull back and trend continuation to enter short
Sell at top of trade continuation pattern @ approximately .9800 look for a trend reversal pattern at lower trend line and buy for long term position. should be a big move
Short term short 1,2,3 squeeze pattern labeled as WXY but not an Elliott wave pattern
Could bounce to higher trend line before declining