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The triangle (b) wave is no longer valid as DAX made a new high today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
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
'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'
Email:info@ewc.space
Email:info@ewc.space