This is an excellent shorting opportunity with over 1:2 risk to reward!
The measurements for a valid are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13
This pattern could potentially turn into a in the near future, after a successful short.
To add to this short position check out my analysis on the below.
Price seems to be respecting key levels... We've just hit the top of a , I'm expecting further downside movement.
Feel free to connect with me below :)
Elliot correction approves :)