Nobody likes it when the market goes flat. Ambiguity kills both bulls and bears.
We are amidst one last 4th sub-wave down, before an exhausted 5th into 270.50-271.00.
Per wave count & resistances, I'm pinning this last 5th wave to end around Feb 4th. Coincides with fib timing.
Planning keep this idea updated until the 4th.
The plan here is very simple but it might require some patience on your side.
1. Wait for bearish convergence to be formed
2. Wait for double wave correction
3. Find a sell entry after the double wave (bearish divergence, bearish candle pattern)
Target 1: 1.4300
Target 2: 1.4150
Stop Loss: Above the last high created before entering a sell trade or above 1.4700.
