I recognized a big flat pattern on 1D timeframe. 3 wave downside move followed by upside 3 wave move convinced me that the preceding sideway move could be a flat pattern. After A and B waves, the last C wave would develop in 5 waves. In the C wave 1st and 3rd wave were formed, so I waited wave 4 to develop. As a result the 4th wave unfolded as a flat pattern that is potentially ending around .382 of the 3rd wave. At the end, I only needed momentum shift to the downside, and it was fulfilled after engulfing candle on 1h timeframe.
Trade closed: stop reached