Short

Short-term Sell set up

Updated

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

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

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looks like a bearish pattern is almost done

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

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e.g. a double zigzag correction

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

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

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could be another wave up to test the 0.618 retracement level

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bearish count

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

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