Price action can turn around at any price point between now and the blue point 'C' and then move up toward the blue 'D' to complete a bearish Gartley
. If price action continues to fall beyond the blue 'C' to the pink 'C', it might turn around and move toward the pink 'D' to complete a bearish Cypher
. Both patterns would complete around 1.11900, at which point I would enter short for a sharp drop. I intend to enter a quick long scalp when price action reverses toward 'D'.
Let's see if either patterns plays out.
This is not trading advice.