but its possible for one more up move to complete the pattern and now we may be in the wave 4 of ED.
this is in the C wave of an correction and if its a break out and start of a down trend, it means that we have a C failure.
lets see how its going.
for entering short trade i will switch to lower time frames and trade corrections in lower degree.
break out of corrections in lower degree can be indication for end of diagonal pattern and developing down trend