Messed up publishing this chart as well...
A reference to this chart: The possibility is bearish right now due to these reasons. Another chart coming soon which compares similar cycles. Basically, the chart compares 2 cycles and shows why they are not similar.
EURUSD is in a downtrend and at a key point right now. There is trendline confluence in addition to a previous sell-off level.
A good setup for a second short entry. The first one is in the related ideas. Then let this trade run with a trailing stop-loss once it gets going to 50%~ of the target.
Just adding that a drop to 188's are still acceptable for this theory.