Poised to decline on last leg of ending diagonal wave (c) red, towards target below 1.4290, before resuming uptrend.
A simple setup for an impulse move up if bouncing off 0.6182 retracement.
Potential expanding diagonal developing or more appropriately an Expanding Ending Diagonal in the bottoming process.
Wave (iv) of an expanding diagonal wave (c) red is nearly complete, thus, setting up for a medium-long term short wave (v) towards 1.1420. Potential is on the downside.
Cmpletion of wave (c) of correction (4), now poised to advance on wave (5). 1s target near 90.70.
Potentially, there's more downside to this complex correction iv, before reversing to major uptrend.
Wave (c) of correction (2) may still be in progress in the form of an expanding diagonal, target to terminate at 0.6182 retracement before resuming downtrend.
Now on (c) wave of correction likely terminating under 1.5487.
Closing-in on target for completing correction iv, before reversing on main uptrend.
Re-entered short on last leg of expanded ending diagonal (wedge) wave c red.
It's still in center of the time consuming wave (b) red
Expecting decline under 193.00 in completing this Ending Diagonal wave (c)
Going short for target below 1.4290.
a flat correction completed with an overthrow or false breakout of channel line, before resumng uptrend.
Correction iv closing-in towards 192.90 for completion, before resuming uptrend on v.