We are close to 61.8 of the move from A-B. Should price bounce from here, along with the break above B, price may end up retracing close to 1.338/9x.

This will fulfill a bearish Gartley pattern. However, if price does not retrace from here and continues lower, it may be an AB-CD wave down.
Harmonic PatternsTechnical IndicatorsTrend Analysis

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