Sometimes this happen. Occurs when the trader indentify changes of trend signals that the market show, but with the possibility of continue the trend and later, change the trend strongly. In 5th wave usually the market take out many traders, weakening and then pulling wicks before of change the trend. Why i started sell? because the SL is really little and if the...
We can see a wave four developing.
1st target marked.
Invalidation marked by a redline
The price could going to the next but i'll update if i detected that it do.
The price could take the first zone and up strong.
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Targets zones marked.
It's possible that the price going to the next level, but i don't guess. However, i'll make an analysis update in the future if i see that the price will fall down more
Of course that still love u