and so we have confluence...
simplified wave count. Entry Order setup
see chart for fib levels
See chart for fib targets
I believe the ending diagonal is concluding.
I'm expecting an expanded flat.
We may be in a corrective wave after a wave C impulse
A belt of a bigger zigzag wave might be finished.
wave 5 of a higher degree wave 3
Despite a show of power by the bears this pair has more upside potential left. We could have wave B or wave 1 impulse for a bigger wave 5. Careful on where to place your stoploss.