possible wave count

Par wsbza

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Initial wave (a) done?

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not much of change so far

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triangle (b) or zigzag (b) with a triangle b

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Fibo 50% or 61.8% re-tracement may defend short-term bulls

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close to a trend reversal ?

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previous alter count won

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bearish assumption

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expanded flat still possible

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it seems wave (b) has some unfinished business

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triangle x or flat b ?

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could be another c of (b) up

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could be a complex (b) wave

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the short-term decline is getting sharper, maybe wave (b) or (ii) is done

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the short-term picture is not very clear, could be more sideways

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well, if this is truly a bearish structure, we should see lower degree consolidations that may allow us to join with bears

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still expecting wave (c) decline

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The triangle (b) wave is no longer valid as DAX made a new high today
This left us with 3 possible scenarios:
- Expanded Flat wave 4
- Running Triangle wave 4
- Extended wave 3

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bearish flag short set up

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green wave {C} is about 2 times the length of green wave {A}, probably a good time to take the profit

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potential (i)-(ii)-i-ii count

wsbza

'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'

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