Penjualan

Bearish Count

Diupdate

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.

Catatan

Catatan

maybe a diagonal is the last piece of the jigsaw

Catatan

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

Catatan

looks bearish

Catatan

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

Catatan

either way

Catatan

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)

Catatan

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

Catatan

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

Catatan

trendline breakout

Catatan

short-term bearish count

Catatan

Sell after breakout

Catatan

possible long term count

Catatan

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

Catatan

3 wave rally?

Catatan

if a bullish flag appears then breakout buy

Catatan

possible count within larger time frame

Catatan

drop below 110.162 would eliminate the bullish count in pink

Catatan

Either Double Zigzag

OR
Triple Zigzag

Catatan

a triangle in the making?

Catatan

a flat to complete wave {b} of Y?

Catatan

double zigzag for red wave {b}?

Catatan

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

Catatan

possible short-term count

Catatan

possible short-term count

Catatan

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

Catatan

buy after breakout

Catatan

other possible count

Catatan

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

Catatan

both scenarios in one chart

Catatan

an expanded flat for wave (ii)?

Catatan

or a bullish count

Catatan

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

Catatan

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

Catatan

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

check previous chart on 12 Feb 2019

Catatan

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

Catatan

wsbza

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

Email：info@ewc.space

Juga di:

Publikasi terkait

Potential Turning Point

oleh wsbza

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.