As manijeh kazemi pointed out, there could be a 500 pip drop soon. I have to figure out the style of corrective structures for wave 4 by allowing it to form A and B. If you short without knowing A and B you're gonna profit but you're not gonna enjoy it because it's an uptrend, bulls are gonna squirm :-P . I did not make any fibo analysis on this one.... yet.
***Note to beginners: Allowance doesn't mean a guarantee! It's an estimate.