TradingView
wsbza
12 jul 2017 23:47

Another c wave rally is possible 

S&P/ASX index of Australian listed sharesFXCM

Beskrivning

I still want to trade for the downside, but the corrective pattern seems unfinished and I could not find a good place to position a short trade.

Kommentera

not quite sure about this corrective structure, but a break below 5627 should signal further bearish potential

Kommentera

Kommentera

another count in red

Kommentera

looks like complex (b) wave is done

Kommentera

Sell?

Kommentera

will this to be unfold as corrective patterns?

Kommentera

expanded flat?

Kommentera

looks like the ugly correction may have ended, but still need to see price drop below 5627 first

Kommentera

maybe like this

Kommentera

wave 5 of (c) is still going, any touch above the previous high of 5964 would deny my interpretation

Kommentera

ready for sell ?

Kommentera

a decisive break below 5858 would favor my bearish count
Mer