Sell after corrective pull back, simply to catch wave 3 or c decline
Not
could be more complex than I thoughtNot
If this is an ending diagonal, we should see price re-test sub wave (3) high (usually higher than wave (3) but should not breach the origin of blue wave 1 or a) then a sharp decline fall below the end of sub wave (4). Since the reversal after ending diagonal usually very quick and sharp, it could be difficult to enter the trade manually, we could probably place a stop sell order just 1 point below the end of wave (4) (only if we see the wave (5) rally first).
Not
The short-term bearish target would be re-test the end of blue wave 1 or a at 7391Not
The starting point of the blue wave 1 has been broken, we need to figure out something elseNot
A close below 7391 (end of blue wave {iv}) would indicate diagonal is complete.Not
7604 should act as the short-term key resistance, break above this level would eliminate the immediate bearish potential. In other words, if the diagonal count is correct, we will be likely to see an impulsive decline to follow. To keep the impulsive assumption alive, wave 4 should not overlap with wave 1.
Not
double zigzag w-x-y where wave x could be zigzag or triangleNot
Flat is less likely to happenNot
another solid close below yesterday's low of 6534 would suggest wave iii of (iii) is likely under wayNot
double zigzag w-x-y re-test the end of blue wave iv ? or 0.618 fib level?'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'
Email:info@ewc.space
Email:info@ewc.space
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'
Email:info@ewc.space
Email:info@ewc.space
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.