The previous post is getting too long, so I am starting a new post here.
A solid close below 112.042 (the end of wave iv of (c)) would suggest wave (c) has completed.
Alternatively, break above 113.176 would argue something else has been developing.
A solid close below 112.042 (the end of wave iv of (c)) would suggest wave (c) has completed.
Alternatively, break above 113.176 would argue something else has been developing.
Commentaire:
Commentaire:
maybe a diagonal is the last piece of the jigsaw
Commentaire:
Since 113.176 has been broken, we have to adopt different wave counts
e.g. triple zigzag (W)-(X)-(Y)-(X)-(Z)
or zigzag (A)-(B)-(C) , where wave (B) is a triangle
e.g. triple zigzag (W)-(X)-(Y)-(X)-(Z)
or zigzag (A)-(B)-(C) , where wave (B) is a triangle
Commentaire:
Commentaire:
Commentaire:
looks bearish
Commentaire:
Commentaire:
the short-term rally is very sharp, so another wave up to complete a larger corrective pattern is still possible.
Commentaire:
either way
Commentaire:
Commentaire:
Commentaire:
Commentaire:
If wave {c] equals 1.618 times the length of wave {a}, it could reach 113.416 (close to 61.8% retracement level)
If wave {c} ends beyond the end of wave {a} by 0.618 times the length of wave {a}, it could reach 113.665 (close to 70.7% retracement level)
If wave {c} ends beyond the end of wave {a} by 0.618 times the length of wave {a}, it could reach 113.665 (close to 70.7% retracement level)
Commentaire:
Commentaire:
Commentaire:
not quite sure about the short-term structure, but could be a diagonal wave {c} in the making
Commentaire:
Commentaire:
we probably need a sharp fall to valid this diagonal count, an immediate drop below 113.601 would be an ideal initial bearish signal
Commentaire:
Commentaire:
Commentaire:
trendline breakout
Commentaire:
short-term bearish count
Commentaire:
Sell after breakout
Commentaire:
Commentaire:
Commentaire:
possible long term count
Commentaire:
I think either red or green counts are more likely to happen
Commentaire:
Commentaire:
3 wave rally?
Commentaire:
Commentaire:
Commentaire:
Commentaire:
if a bullish flag appears then breakout buy
Commentaire:
Commentaire:
Commentaire:
possible count within larger time frame
Commentaire:
Commentaire:
drop below 110.162 would eliminate the bullish count in pink
Commentaire:
Commentaire:
Either Double Zigzag
OR
Triple Zigzag
OR
Triple Zigzag
Commentaire:
Commentaire:
a triangle in the making?
Commentaire:
a flat to complete wave {b} of Y?
Commentaire:
Commentaire:
double zigzag for red wave {b}?
Commentaire:
Commentaire:
Commentaire:
Commentaire:
if the current rally is wave (E) of triangle {B}, price should not go beyond the end of wave (C) of {B} at 114.55
Commentaire:
possible short-term count
Commentaire:
Commentaire:
possible short-term count
Commentaire:
Commentaire:
possible targets for blue wave {c}
- 112.959 where wave {c} = wave {a}
- 114.267 where wave {c} = 1.618 wave {c}
Note
equality in length between wave {a} of W and wave {c} of W
- 112.959 where wave {c} = wave {a}
- 114.267 where wave {c} = 1.618 wave {c}
Note
equality in length between wave {a} of W and wave {c} of W
Commentaire:
buy after breakout
Commentaire:
Commentaire:
Commentaire:
other possible count
Commentaire:
the first chart assumes green w-x-y could complete wave (ii)
Commentaire:
both scenarios in one chart
Commentaire:
Commentaire:
an expanded flat for wave (ii)?
Commentaire:
or a bullish count
Commentaire:
the recent decline is very sharp, maybe we are still in the middle of wave X instead of Y
Commentaire:
Commentaire:
Commentaire:
Commentaire:
the recent rally looks corrective, I guess we could use the following count to interpret the structure
Commentaire:
It could be more bearish if wave (E) has ended at 112.4 (25 April 2019)
check previous chart on 12 Feb 2019
check previous chart on 12 Feb 2019
Commentaire:
Commentaire:
or (1)-(2) = {a}-{b} ( see charts posted on 26 May)
Commentaire:
'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'
Email:info@ewc.space
Email:info@ewc.space