We are going to correct to the huge price imbalance with the beautiful 4th corrective wave inside the third
Also there are couple of divergencies formed at few other TF with CCI
Possibly its just an ABC correction for the further downwards move. But right now short position looks legit.
Furhermore, we`ve reached 2.618 Fib which is usually a maximum target for the 5th Elliot wave cycle.