looks to be in a downward wedging pattern, at the completion of which i will be looking for a bullish
breakout, however, in the mean time, a bearish
1-2-3-4-5 sequence looks to be taking shape. Wave 4 has set up nicely here in the form of an elliot wave
triangle meeting all the rule requirements. This is an opportune time to open a short position here at the e wave of the triangle, anticipating a breakdown of the triangle pattern
to the lower boundary of the wedge
to complete wave 5.