We are in wave B of flat if wave B is finished, that means this correction could be
1.Irregular Flat which will provide wave C the power to return to the previous high (1.23503) 2. Triangle 3.Double Or Triple combination
Above all cases 1.21650 is the first short target because the next wave should retrace at least 33.3% of the previous wave, in this case, it's coincidently in the significant resistance zone
We can discuss if you think differently Please make your you've done your own analysis and manage your capital before open any position
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