is nearing its end in this, hopefully, continuation triangle. A movement downwards would complete Wave C of the correction. My target is 113.203 which lies on the 0.5 Fib, and my stop is just above the 1day ichimoku
, which provides resistance and, on breach, would validate my trade.
Alongside this, the RSI
is forming a rising wedge
, a bearish pattern
To reduce risk, enter the trade once there is a breakout of the triangle.