We might get another small push up still to possibly re-test the high (or possibly even overshoot it...), but I believe we should get some retracement at least in the coming days.
A possible wave count is on the chart, possible end of wave 5 of 3 of 3 might get us down to 1.1120 and 1.1040 in extension. My short target is in between those 2, possible partial profits at the higher level.
Seeing as this is possibly only a wave 5 of 3 of 3 means that we may still expect more upside after this possible retracement (ultimately to a possible wave 5 of 5 of 5 which could trigger a very nice hort)!
The bat at the longterm has been on my radar for a while, I think I first mentioned it here:
As for my initial longterm long setup for which all 3 targets were met (!):
The bad news is that I might have to adjust my target and trail SL closer on my current short (still good to catch wave iv withing the ending diagonal though!).
The good news is that I will probably get a chance to enter a longer term short at an even better level!
Looking for at least an ABC correction now, since the down move was quite steep and the previous correction of this degree was more of a flat this might turn into a sharp zigzag correction.
Depending on where a possible B wave ends we might therefor get a nice and quick C wave short opportunity.