First Possibility ))))) If the corrective structure abc is complete and we have Break above Red Trend Line ,, It is Straight way a Long Trade Till 1600/1640 .
Second Possibility ))))) If the corrective structure abc is not complete and we got some extension in c mini wave ,, than we could have break below Blue Trend line ,,, small short target up to 1450 . Than We should have a bounce at Fibo Level 61.8% and Long straight to 1600/1640 .
Yes i agree. i see it more as its making our weekly 4th wave. but after ABC it sure can go higher. :)