possible wave count

By wsbza

Updated

Initial wave (a) done?

Note

not much of change so far

Note

triangle (b) or zigzag (b) with a triangle b

Note

Fibo 50% or 61.8% re-tracement may defend short-term bulls

Note

close to a trend reversal ?

Note

previous alter count won

Note

bearish assumption

Note

expanded flat still possible

Note

it seems wave (b) has some unfinished business

Note

triangle x or flat b ?

Note

could be another c of (b) up

Note

could be a complex (b) wave

Note

the short-term decline is getting sharper, maybe wave (b) or (ii) is done

Note

the short-term picture is not very clear, could be more sideways

Note

well, if this is truly a bearish structure, we should see lower degree consolidations that may allow us to join with bears

Note

still expecting wave (c) decline

Note

The triangle (b) wave is no longer valid as DAX made a new high today
This left us with 3 possible scenarios:
- Expanded Flat wave 4
- Running Triangle wave 4
- Extended wave 3

Note

bearish flag short set up

Note

green wave {C} is about 2 times the length of green wave {A}, probably a good time to take the profit

Note

potential (i)-(ii)-i-ii count

wsbza

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

Email：info@ewc.space

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.