wsbza

wsbza

If Feb 11 (UTC) was a top, then we expect a trend reversal, the above assumptions may apply. looks like an 335 flat is underway, note b wave retraced more than 90% of wave a once the flat is complete, the main trend may resume again

wsbza

As long as share price is below 2016 Feb high, or otherwise there is a structural change, minimum target is to refill the gap

wsbza

Looks like an ending diagonal is forming, expecting a trend reversal soon. a low risk & high return opportunity

wsbza

Clear structures usually bring us high probability trading opportunities

wsbza

Expect to see sideways corrections soon

wsbza

note wave (2) sideways, wave (4) can be sharp, waiting for more bullish signals

wsbza

Oh Bear,,,This weekly structure could become really nasty

wsbza

expect to have sideways correction for wave 4, prefer triangle. Now we only see one wave up but touched the common retracement level of 0.382 for 4th wave. Better to wait for few more days to see if there will be any bearish opportunity.

wsbza

Will C = A ?

wsbza

Short opportunities may occur if share price bounce

wsbza

Looks like a classical 535 zigzag pattern, can be a ABC structure where C wave travels approx. 1.618 of A wave. We should see a big trend reversal.