This pattern consists of 9 waves and is classified as one of the more complex and time-consuming corrective formations, often indicating prolonged consolidation before continuation. Such structures typically trap traders on both sides before the next decisive move.

At this stage, wave F seems to have been completed, and the price is likely preparing to enter wave G. If this scenario plays out, we can expect increased volatility as the pattern progresses toward its final phase.

The highlighted red zone represents our area of interest for potential short (sell) positions. Ideally, we want to see confirmation within this zone before entering, rather than blindly placing trades.

Targets have been clearly marked on the chart. As a risk management strategy, once the price reaches the first target, it is recommended to move your stop loss to breakeven to protect capital.

Keep in mind that this analysis remains valid only under current conditions. A daily candle close above the invalidation level would invalidate this entire setup and suggest a different market direction, so risk management is essential.

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What do you think? Is WIF bearish?