Long short term - big short is coming.

I see an ABCD being formed in the middle of a long term drowntrend.
We are currently making C - wave 1 is done; more 4 to come.
If C repets A as a classic pattern, C should be finished at 1900 area, but I keep in mind it could be an ABCD extension and C could be finished at 1920 area - with a perfect touch at the red trendline.
Once C is complete, for D I expect a huge down under or around A (1763).

Comment:

I believe C is still forming

wave 1 was 1822 - 1875
wave 2 was 1875 - 1850
wave 3 will be 1850 - ? (I would go for something as 1880 - 1890)
wave 4 ?
wave 5 ?

As long price wont drop under 1843 - possible hunting stop loss, I will be still following this idea

Trade active:

not surprised the drop went under 1843 - hunting all buyer stop loss at 1837.
I am still long - but once 1843 is broken I will be extra careful with the possibility of another drop.

Trade closed manually:

I decided to close this trade at 1849
I still see a recovering chance for bull - if 4h candle closes back inside de chanel in the next hour - 10 pips up .
But after the break of 1943 and strong bear pressure, I prefer to take my profits out