is creating a sell opportunity again. It made a sharp move down from the top for almost 390 pips and broke the structure, previous low. There is a possibility that we had a truncated 5-th wave on 16-02-2018 at price 1.2555. I am looking at it on this way because if we take into consideration the time factor of 4-th wave it will tend to be the same with the 2-d wave. So if we consider the break of the top we are inside a bigger correction that is double in time compared with the 2-d wave correction move. I am not ruling out the possibility for a higher high but up to now i can see only a move to downside and we are on the resistance zone
. If we will see a higher high i am looking for the second red box to sell again as we have also the resistance of the weekly trend line coming form upside. This is only my personal opinion.