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
⋅ Kommentera
⋅ looks like complex (b) wave is done Kommentera
⋅ Kommentera
⋅ will this to be unfold as corrective patterns? Kommentera
⋅ Kommentera
⋅ looks like the ugly correction may have ended, but still need to see price drop below 5627 first Kommentera
⋅ Kommentera
⋅ wave 5 of (c) is still going, any touch above the previous high of 5964 would deny my interpretation
Kommentera
⋅ Kommentera
⋅ a decisive break below 5858 would favor my bearish count