Short then long or just long?

Per the chart below, we have completed a double zigzag or are still in the process of a triple zigzag. A break above 1.62352 would likely confirm the short move was over. A break below 1.61335 would confirm the triple zigzag scenario. If the bottom resistance number is broken a likely stopping point would be 1.6020.  Once one of these scenarios plays out I will project an upside stopping point.