The closer we look at it, the more it appears to be a contracting ending diagonal
in a 5th wave of minute degree. Moreover we do observe some wave relationships around the Sep. 2017 / Jan. 2018 double top
. Minute wave one is equidistant to minute wave five right. The setup is there for the pattern. Let’s be patient for the moment!
An immediate swing below 1.1845 or above 1.2288 invalidates the ending diagonal