may complete after hitting C point at previous 173.04. It would come to D point at 170.00.
I have a ton of ratios matching in at that position (i have drawn two previous in dotted black lines) FG retracement has 0.382 on D and HI retracement has 0.618 on D. Also we got ratio confluence on D with XA and AB . Hopefully will lead the way with an oversold :)
Here are the entry, stop and target for the optimistic trades (since i don't know it will complete).
Entry at D point 170.06, stop loss at previous structure and bellow X, maybe 168.77. Target one is at CD (171.07) and target 2 is at CD (171.79). Would be an awesome profit there...
Risk reward profile is 1 to 1 for target one and 2 to 1 for target two.
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Good luck and good trading !