my target area is near the lower yellow dash channel line
บันทึกช่วยจำ
short-term target for wave iii or c
บันทึกช่วยจำ
idealised possible wave (4) patterns
บันทึกช่วยจำ
บันทึกช่วยจำ
flat c or running triangle c ?
บันทึกช่วยจำ
5880 is the level to keep bull alive, preferred count in white, alter in yellow
บันทึกช่วยจำ
possible ending diagonal for alter count
บันทึกช่วยจำ
look at the big picture again
บันทึกช่วยจำ
the ending diagonal chart might work, took a small short with tight stop
บันทึกช่วยจำ
บันทึกช่วยจำ
still going
บันทึกช่วยจำ
บันทึกช่วยจำ
การซื้อขายยังคงดำเนินอยู่
took a short with a stop against recent high
บันทึกช่วยจำ
could be a very small degree c wave, also could be the start of a much larger degree decline
บันทึกช่วยจำ
Since we have an extended wave 3, I would expect a shallow wave 4 pull back, possibly around 23.6% of wave 3 at 6362, this is also near the end of wave (iv) of blue wave {5} of yellow wave 3. An immediate push above the recent high of 7036 would probably argue the extended wave 3 is still unfolding.
บันทึกช่วยจำ
looks like a 5-waves decline is at its later stage If this 5-waves is A then we should expect a B wave rally if this 5-waves is a larger degree 1) then we should also expect wave 2) bounce took some profit and moved my stop to breakeven for the remaining positions A corrective rally may offer more chances to dance with bears
บันทึกช่วยจำ
บันทึกช่วยจำ
yellow count suggests another modest push to complete wave v of (c) of {b} pink count suggests (w)-(x)-(y) for {b} is done
the key level is 6937, a sharp decline below this would signal further downside potential
บันทึกช่วยจำ
if it turns out to be a triangle wave 4, we can assume the wave count like this
บันทึกช่วยจำ
potential reversal to the upside
การซื้อขายยังคงดำเนินอยู่
short-term buy for the upside
บันทึกช่วยจำ
we still cannot rule out the possibility of another wave c decline in the short-term protective stop to break-even point
บันทึกช่วยจำ
บันทึกช่วยจำ
I am still inclined towards a triangle wave 4
ปิดการเทรด ด้วยตนเอง
บันทึกช่วยจำ
structural support at 6292
บันทึกช่วยจำ
break above 7005 would suggest bullish {i }-{ii}-(i )(ii) scenario
บันทึกช่วยจำ
big picture
บันทึกช่วยจำ
we can raise our key support to blue wave (ii) low at 6819
บันทึกช่วยจำ
raise key support level to wave (i) high at 7005 as blue wave (iv) correction (if happens) should not breach this level short-term blue wave (iii) target at 7579 which is the 1.618 extension level
also note grey wave iii has traveled 2.618 times the length of grey wave i
ALTERNATIVE Count - blue wave (i) = red wave {iii}, blue wave (ii) = red wave {iv} - blue wave (i) = wave c of red wave {i} of an ending diagonal - blue wave (i) = wave w of red wave {i} of an ending diagonal
บันทึกช่วยจำ
The short-term pattern remains bullish recent decline from 7227 to 7071 was in 3 waves, looks like wave iv of (iii) is in place, or at least sub wave a of iv of (iii) is done
note - wave iv has retraced within 38%-50% range - price briefly touched i-ii-iii trend channel then it bounced impulsively - we can also use ii-iii-iv trend channel to project the end of wave v of (iii)
บันทึกช่วยจำ
บันทึกช่วยจำ
is wave 5 in place? Bullish count in blue Bearish count in red