The long term bias is as a gigantic symmetrical triangle has been broken to the downside.
Now by using the price action as the entry we're aiming for 1097 which is the ultimate target for the new 5 wave down move.
I got the 1097 number from and projections. This number is the confluence of 100% of the whole down move and 1.618 projection. These two numbers match each other perfectly!
Place your stops at 1243 where the previous resistance lies.
Catch you later