שורט

מעודכן

Bearish Count

looking for more downside potential

הערה

price is moving close to the lower channel line, maybe it near the completion of pink wave 3

הערה

wave 3 nearly done?

הערה

preferred micro count in blue, alternative count in white

הערה

no change on overall structure

הערה

I guess the next key level to watch is 89.62

הערה

could be another new low to complete pink wave 5

הערה

wave {5} of 5 at its later stage or has already bottomed

הערה

micro count

הערה

possible micro count

הערה

re-test the end of wave 4 at 95.15 ?

הערה

the short-term pattern does not support immediate bullish outlook
bullish wave 2 could be unfolded as an expanded flat
A decisive push above the recent high of 90.93 would suggest wave 3 is under way

הערה

it's possible that bluish wave 2 bottomed at 89.41

הערה

short-term bullish count

הערה

we could assume i-ii & lower degree i-ii for the upside but wave (iv) could also be unfolded as a 3-3-5 flat

הערה

break below 93.12 ( the end of black wave ii) would favor the pink a-b-c flat scenario

הערה

immediate push above 93.73 would suggest the decline is in 3 wave then we may say this decline could be just a lower degree correction

הערה

possible corrective structure for blue wave iv circle
red zigzag (a)-(b)-(c)
or pink double zigzag (w)-(x)-(y)
or complex (b) or (x) wave (e.g. flat) of a zigzag, etc ...

הערה

also a 3-3-5 flat to form the blue wave {iv} is still possible

הערה

immediate break above 95.53 would eliminate triangle scenario

הערה

short-term alt count in grey

הערה

we could have
a red ending diagonal for wave {v} or
a green triangle for wave {iv} or
a grey flat for wave (ii) of {v}

הערה

double zigzag (w)-(x)-(y) to complete wave {b} is still possible, but unlikely to happen

הערה

If we label (w)-(x) as (i)-(ii) of wave {iii}, the end of wave (x) could be viewed as a critical support level for bulls.

הערה

my best guess so far
wave {i} of C is a double zigzag

הערה

alternative count: sub wave {iii} is a triple zigzag

הערה

primary count: sub wave {iii} is a double zigzag

הערה

like a candle in the wind

wsbza

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

Email：info@ewc.space

גם על:

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.

wsbza

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

Email：info@ewc.space

גם על: