- Expected tail.
- Falling is always normally 40 minimum while U-turn.
- This might an excess.
- The price is currently out of the channel.
Observation:
The tail is a clear sign found while U-turn which is your trade confirmation odd.
Due to the falling wave, we are seeing normally 40 points.
Short 129-133 is the great range because the price is out of the channel.
A negative point for short-seller: Suppose to create an excess, then maximum price move 136 as per previous an excess.
Trade-in two-step having great risk vs reward ratio:
1) trade, Sell at 129
1) next trade should be, Sell at 133
Both trades have the same target as the first 112-109 and the next target is 103.
Best of luck.
Will update daily and 30 minutes chart shortly.