Possible end of a 5 wave structure
Following Elliott's Principle, the 3rd wave is never the shortest wave in a 5 wave structure, therefore the 5th wave in this structure shouldn't go beyond 113.718.
This would give an entry short around 133.718 waiting on price action confirmation.
Take profit 1 at the convergence of the 0.786 retracement and the 0.50 @ 112.685
Take profit 2 at the 0.618 retracement and start of the 4th wave @ 111.8666
This would give an entry short around 133.718 waiting on price action confirmation.
Take profit 1 at the convergence of the 0.786 retracement and the 0.50 @ 112.685
Take profit 2 at the 0.618 retracement and start of the 4th wave @ 111.8666
Note
TP 1 reached
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