There are a few bullish points which make this possible scenario more high risk. The first is that the 5EMA and 15SMA have yet to cross. Mainly because the movement on this possible pattern has been reasonably swift. Secondly, the MACD indicator is still extremely positive due to the lengthy uptrend. I can imagine the top of wave B being where indicated or it may well just be a bounce down off of the 23% Fib. The two points in favour of a SELL trade at the top of wave B are the Elliott Wave pattern looking pretty strong and the fact that momentum indicator has now moved below the 14day MA. I will watch next week but will only trade if all other parameters meet with my strategy.