Hi community, hope everyone is ready for new opportunities.

• We now are in the 4th wave (most probably ABC structure)
• The 4th wave most probably will finish and the market will reverse at the golden ratio zone of the 3rd wave (0.65-0.618 Fib) marked with two orange lines.
• I think so, as according to the EWT theory waves 2 and 4 usually are different, which means if the wave 2 is fast and retraces the 1st wave a lot (up to 0.382 and more, FIB), the 4th wave will retrace less (will stop near the golden ratio) and will last long. And the opposite.
• I expect the market to reverse at 40 250$ – 40 500$
• The reverse zone will be good to increase short positions

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