Short-term Sell set up

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

Note

Note

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

Note

looks like a bearish pattern is almost done

Note

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

Note

e.g. a double zigzag correction

Note

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

Note

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

Note

could be another wave up to test the 0.618 retracement level

Note

bearish count

Note

wsbza

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

Email：info@ewc.space

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wsbza

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

Email：info@ewc.space

Also on:

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