Wave Count:
- Wave C
Reason(s) to short:
- Bearish divergence at 1 hour time frame
- Reached the channel top
- Reached the 1 trend-based Fibonacci extension
Note:
- This might be a short term pullback until 0.382-0.236 trend-based Fibonacci extension. If it bounces around this area, prepare for Wave 3.
- Wave C
Reason(s) to short:
- Bearish divergence at 1 hour time frame
- Reached the channel top
- Reached the 1 trend-based Fibonacci extension
Note:
- This might be a short term pullback until 0.382-0.236 trend-based Fibonacci extension. If it bounces around this area, prepare for Wave 3.