First of all take a look on D1 structure. It is a perfect retracement while I measure the fibs on this excellent D1 Elliot waves. We have a previous retracement done up to 61.8% fib. And the current retracement is sitting in the level of 61.8% too.
Now in the 4h timeframe the Elliot wave is clearly identified. So We can see that Second wave has done its 61.8% retracement at 1722.79 Price level,
Currently we’re sitting on the 4th Wave which has completed its 61.8% Retracement while we’re expecting a downside push ( bearish ) As the 5th Wave to complete the Elliot Waves perfectly in style. The Expected target will be around 1660-1645 Price Level