Emerging AB=CD Pattern shown by green labels
Plz note that each of the AB & CD waves are impulsive Elliott waves
Bullish Wave 5 in progress
The breakdown of the dotted up pink channel ends the bullish wave 5 move and triggers a reversal in trend to the downside
The bullish wave 5 should complete at any point inside the pink rectangular zone , and particularly, the yellowish rectangular zone
Good Luck..