Bearish impulse leg X to A. We have a .618 retracement A to B of the X to A impulse leg. B to C fibonacci extension between the 1.272 and 1.414. Waiting for the C to D completion at .786 of the X to A impulse leg retracement for shorting opportunities. One can look to go long from C to .738 CD completion of XA, however if you are conservative, you can wait for the completion to happen.