I refer you to my previous post this morning:
"Morning all, changing tack a bit this week and going for my one weekly trade today
I shorted last night at 765, which according to my chart is the 38% fib of the last wave down from 819 to 736. Stop is just beyond the 61% level of 788.
I see price has gapped up but only as far as 786 and has now started to drop back off as I would expect.
Still confident that we are in a corrective wave 4, about to begin impulse wave 5 back down with a target of around 700.
If 787 is broken to the upside then this wave count in incorrect and we need to re-evaluate.
So in brief, short from here, targets 736 then 704 by Friday, stop just beyond 789 to be safe."