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Bearish Count

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.

Uwaga

Uwaga

maybe a diagonal is the last piece of the jigsaw

Uwaga

Since 113.176 has been broken, we have to adopt different wave counts
e.g. triple zigzag (W)-(X)-(Y)-(X)-(Z)

or zigzag (A)-(B)-(C) , where wave (B) is a triangle

Uwaga

looks bearish

Uwaga

the short-term rally is very sharp, so another wave up to complete a larger corrective pattern is still possible.

Uwaga

either way

Uwaga

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)

Uwaga

not quite sure about the short-term structure, but could be a diagonal wave {c} in the making

Uwaga

we probably need a sharp fall to valid this diagonal count, an immediate drop below 113.601 would be an ideal initial bearish signal

Uwaga

trendline breakout

Uwaga

short-term bearish count

Uwaga

Sell after breakout

Uwaga

possible long term count

Uwaga

I think either red or green counts are more likely to happen

Uwaga

3 wave rally?

Uwaga

if a bullish flag appears then breakout buy

Uwaga

possible count within larger time frame

Uwaga

drop below 110.162 would eliminate the bullish count in pink

Uwaga

Either Double Zigzag

OR
Triple Zigzag

Uwaga

a triangle in the making?

Uwaga

a flat to complete wave {b} of Y?

Uwaga

double zigzag for red wave {b}?

Uwaga

if the current rally is wave (E) of triangle {B}, price should not go beyond the end of wave (C) of {B} at 114.55

Uwaga

possible short-term count

Uwaga

possible short-term count

Uwaga

possible targets for blue wave {c}
- 112.959 where wave {c} = wave {a}
- 114.267 where wave {c} = 1.618 wave {c}

Note
equality in length between wave {a} of W and wave {c} of W

Uwaga

buy after breakout

Uwaga

other possible count

Uwaga

the first chart assumes green w-x-y could complete wave (ii)

Uwaga

both scenarios in one chart

Uwaga

an expanded flat for wave (ii)?

Uwaga

or a bullish count

Uwaga

the recent decline is very sharp, maybe we are still in the middle of wave X instead of Y

Uwaga

the recent rally looks corrective, I guess we could use the following count to interpret the structure

Uwaga

It could be more bearish if wave (E) has ended at 112.4 (25 April 2019)

check previous chart on 12 Feb 2019

Uwaga

or (1)-(2) = {a}-{b} ( see charts posted on 26 May)

Uwaga

wsbza

'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'

Email：info@ewc.space

Również na:

wsbza

'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'

Email：info@ewc.space

Również na:

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