Bearish Count
Güncellendi
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.
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maybe a diagonal is the last piece of the jigsawNot
Since 113.176 has been broken, we have to adopt different wave countse.g. triple zigzag (W)-(X)-(Y)-(X)-(Z)
or zigzag (A)-(B)-(C) , where wave (B) is a triangle
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looks bearish Not
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the short-term rally is very sharp, so another wave up to complete a larger corrective pattern is still possible.Not
either way Not
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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)
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not quite sure about the short-term structure, but could be a diagonal wave {c} in the makingNot
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we probably need a sharp fall to valid this diagonal count, an immediate drop below 113.601 would be an ideal initial bearish signalNot
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short-term bearish count Not
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possible long term count Not
I think either red or green counts are more likely to happenNot
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if a bullish flag appears then breakout buyNot
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drop below 110.162 would eliminate the bullish count in pinkNot
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Either Double Zigzag OR
Triple Zigzag
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a triangle in the making?Not
a flat to complete wave {b} of Y?
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double zigzag for red wave {b}?Not
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if the current rally is wave (E) of triangle {B}, price should not go beyond the end of wave (C) of {B} at 114.55Not
possible short-term count Not
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possible short-term countNot
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possible targets for blue wave {c}- 112.959 where wave {c} = wave {a}
- 114.267 where wave {c} = 1.618 wave {c}
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equality in length between wave {a} of W and wave {c} of W
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other possible countNot
the first chart assumes green w-x-y could complete wave (ii)Not
both scenarios in one chartNot
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an expanded flat for wave (ii)?Not
or a bullish count Not
the recent decline is very sharp, maybe we are still in the middle of wave X instead of YNot
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the recent rally looks corrective, I guess we could use the following count to interpret the structureNot
It could be more bearish if wave (E) has ended at 112.4 (25 April 2019)check previous chart on 12 Feb 2019
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or (1)-(2) = {a}-{b} ( see charts posted on 26 May)Not
'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'
Email：info@ewc.space
Email：info@ewc.space
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