after a strong and impulsive wave (3), a dramatic bearish wave (A) of wave (4) began and it's already in it's last impulse wave which is wave v of (A). it is expected that wave v moves at least 0.618 of wave iii of (A) which i have set as my tp 1. wave (B) of wave (4) can then form followed by wave (C) of (4). however wave (4) or wave (C) of (4) cannot enter the price region of wave (1) which is around 20k. link to the daily timeframe and other multi timeframe analysis is posted below.
wave ii of (A) retracing 0.7071 of wave i in the 15mins timeframe hence wave iv is expected to be a less deeper retracement and this wave iv seems to be forming a triangle with a retracement below 38.2 of wave iii.