It seems to be presenting a good short opportunity soon, watch for the 1.5900 handle it looks like prices would struggle at that area and decline for a fifth wave lower.
Another point to add is that the thrust measurement of the ascending triangle & the 0.618x the inverse head and shoulders measurment is at 1.5900
This is another potential count that suggests that the wave iv is over, but ofcourse it is well bellow the previous fourth wave of lesser degree which is where you'd expect this wave iv correction to terminate take a look.
Regards,
Ahmed Farghaly
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