Market may try to make a final short term rebound

Watching the hourly chart with MACD, I tend to think that the short term top was in and we may be about to see a drop soon. The safe moment to short may be and may be after 8:30am Thursday, the ECB Press Conference.

Meanwhile the 15min chart with EW count and falling wedge formation tends to say that a final wave-5 up is about to unfold right now. The best target may be in the area 1394.50-1403.00.
(If market cannot beak out the wedge and falls, it may confirm the counting that wave-5 was in as showed by the orange figures in the chart).

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