Target for the short and new possible longterm long might be coming up if the AB=CD completes. I would say between roughly 110 and 108.50 would be nice. Watch for confluence of MA and pattern with oversold levels or divergence. Might be wave 4 retracement.
Could drop to around 107.25-106.50 though (1.618 extension + 0.618 retracement) in which case it could still be wave 4 retracement but just as well wave 3 of bearish impulse... Let's also keep an eye on the timing to see what to make of it...
So still short but getting ready to switch to long...
Kommentera
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This was the short idea, keep an eye on that one also:
Handel aktiv
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Pattern complete and MA hit, entries 108.35 and 108.20 with possibility to add lower, update here: