A LONG trade can be taken after breakout of the October descending . My first target is at the 100% extension of A->B just below 115 (which is also a major ).
& aren't showing divergence, which is supporting of the continued downside for the short-term.
Maybe I'll even take a quick SHORT trade to get some low-risk pips.
RSI & MACD are beginning to show divergence. EW count on smaller TFs also show a possible ending of wave C. I might even take a small LONG position on the next touch of the trendline.