I do believe that wave X is finally complete. For the last 4 days, the price is rejecting the a,b,c,d,e channel and finally bounced (indicating the beginning of wave Y).
I'm expecting the price will fall down until 1245.56. My plan for next week is i will take only short position in lower timeframe. Before i'm selling, i will wait the price until going a bit higher and touch a fibo levels.
Note: Trade with your own risk. I'm not giving any signal. Have a nice weekend! ;)