We have been presented with a wave 1-2-3 and an almost completed wave 4 triangle (corrective structure). Waiting for a pullback and failed break/test of the *ACE-Line* (upper channel/trend-line resistance) of the triangle to sell short or a break below the *BD/support line/lower channel to get short.
*NOTE* If price action produce and impulsive breakout above the ACE-line it cancels this bear move in the short term.
Trade responsibly and with a proven method and/or strategy that works for you. If you would like to see more frequent posts, please press LIKE.
I know the triangle is not there yet, I only draw it out to have a plan (visual) for what to anticipate, then as it forms it will keep me aware as/if it transition to a WXY(XZ) complex pattern or ABC-ABC breakout