Price had completed the (D) wave, and I have given the short-term selling targets of wave (E) of wave ((4)).
In my previous article, I have mentioned that "Wave (E) can complete between 0.618 to 0.786% Fibonacci levels. That's why a trader can expect the following targets for wave (E) 83.44-82.50-81.03 as targets of wave (E)". Price has reached all targets of wave (E).
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The ending point of wave (E) is the starting point of an impulsive cycle. Due to bearish sentiments, the price may touch the A-C trendline and start the bullish move.
Safe traders can enter after price make an excess on the lower band of the channel. They can expect the following targets 82.565 - 83.850 - 84.185+. Invalidation: Breakdown of the A-C trendline.
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Price has reached the first target of 82.565.
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Price has reached the first target of 83.850.
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Price has reached the last target of 84.185.
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Price is facing resistance at the upper band of the parallel channel.