This is looking pretty good so far from my last analysis and have achieved first target of short if it is ABC correction in short term. Now in long term on daily chart it seems highly likely that larger 5 waves from 1.1958 to 1.3514 are completed so if we take this larger wave as 1st impulse wave then now we are going into 2nd wave correction. According to Elliot wave fib ratios of 2nd wave are 1st target 50 percent second 61.8 and third could be anywhere between 70 to 100 percent. So if we calculate minimum retracement of this impulse wave it will be around 1.2733 and 1.2690. It can be any corrective pattern zigzag/flat/etc. But target remains 1.2733-1.2690 minimum. So selling rallies is seems to be highly likely scenario . Invalidation of this analysis will be above 1.3520. See the links for previous analysis.
