Bearish UK mid caps

A pretty ominous chart and blue count here suggesting that UK mid caps could be in for a rough ride for some time to come. We do have an ETF in the UK to short them ,1MCS. I have also included a red count that gives the possibility that this is a complex 4th wave correction and the is a final 5th wave to come. This count would have to kick in pretty quick to be valid and the strong reversal suggests that this count is unlikely and the fact that the blue 5th wave stopped exactly on the 61.6 extension of larger waves 1 to 3.