Short-term Sell set up

Since the short-term structure remains bearish, I am incline to wait for a selling opportunity to pop up

Comentário:

Comentário:

short-term bounce may continue and may test the 38.2% or 50% retracement levels

Comentário:

looks like a bearish pattern is almost done

Comentário:

there has been no impulsive decline so far, price could still go up

Comentário:

e.g. a double zigzag correction

Comentário:

Comentário:

if there is another push above wave y then we can label w-x-y as a-b-c flat

Comentário:

break below 6510 could indicate the recent high is the end of wave y

Comentário:

could be another wave up to test the 0.618 retracement level

Comentário:

bearish count

Comentário:

Comentário:

Comentário:

Comentário: