Fibo 50% or 61.8% re-tracement may defend short-term bulls
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close to a trend reversal ?
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previous alter count won
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bearish assumption
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expanded flat still possible
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it seems wave (b) has some unfinished business
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triangle x or flat b ?
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could be another c of (b) up
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could be a complex (b) wave
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the short-term decline is getting sharper, maybe wave (b) or (ii) is done
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the short-term picture is not very clear, could be more sideways
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well, if this is truly a bearish structure, we should see lower degree consolidations that may allow us to join with bears
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still expecting wave (c) decline
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The triangle (b) wave is no longer valid as DAX made a new high today This left us with 3 possible scenarios: - Expanded Flat wave 4 - Running Triangle wave 4 - Extended wave 3
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bearish flag short set up
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green wave {C} is about 2 times the length of green wave {A}, probably a good time to take the profit
Hi, Do you think it's gonna go down 12844 before go up till 13265??
wsbza
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@J0seLu1s, to be honest I do not know, there are number of different counts, ideally I would prefer to see more sideways corrective pattern before another sell off starts. if my abc flat =(w) then another (x) wave could either break w wave low or not, then make another abc for Y or abcde for Y. If my count was wrong, say my pink c is actually only the start of the correction, we could have c=a', if wave a'=5 i would not expect it have deep wave b' but if internal of wave a'=3 it is more likely to see a deep retracement
@J0seLu1s, Assume the initial decline(i to v within the white channel) is wave (i) or (a), if the subsequent decline is sharper than wave (i), then maybe my a-b-c is wave(ii)
J0seLu1s
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@wsbza, yep, thats the same I was thinking the same right now, lets see what happen. Keep up the great work.
Walentine
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wsbza
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@Walentine, looks like your count is more accurate