will this clear 5 waves decline define the larger degree trend in the near future?
will it lead to a sharp zigzag correction that may retrace 50% or 62% of the entire fall?
will it lead to a sharp zigzag correction that may retrace 50% or 62% of the entire fall?
Not
Not
potential resistance levels are:
70.7% retracement at 16.626
78.6% retracement at 16.677 (also if wave Y circle equal 1.382 times the length of wave W circle)
16.681 if wave c of Y circle equal wave a of Y circle
16.749 if wave Y circle equal 1.618 times the length of wave W circle
previous wave 2 circle ended at 16.717
A solid close below 16.431 would signal further downside potential
Not
the top is unconfirmed Not
Not
nothing new here, sell after pull back
Not
the short-term pattern looks like a triangle, so I am expecting a new low first Not
hard to say wave a is in 3-waves or 5-waves, if in 3 waves it could be the entire correction but usually correction take more time
Not
short-term counter trend rally?
Not
Not
Not
recent rally seems corrective therefore the near term outlook remains bearish Not
If the above count is right, I would not expect blue wave {v} to go beyond 14.611 as it should not be the shortest wave
Not
still bearish
Not
wave 5 is underway
Not
Could be very close to the end of wave {v} of C Not
maybe like this
'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.