I have been watching this setup unfold and am really looking forward to the overall short trade that is coming here. I expect the corrective structure that we are currently in to complete with wave 3 to the upside and will then be looking for a reversal on lower time frames to enter this short. I am trading the wave 3 leg to the upside as well.
Take note of the 3 TP levels as price could reverse from any of them.