wsbza

Another c wave rally is possible

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FX:AUS200   Indeks S&P/ASX
I still want to trade for the downside, but the corrective pattern seems unfinished and I could not find a good place to position a short trade.
Komen:
not quite sure about this corrective structure, but a break below 5627 should signal further bearish potential
Komen:
Komen:
another count in red
Komen:
looks like complex (b) wave is done
Komen:
Sell?
Komen:
will this to be unfold as corrective patterns?
Komen:
expanded flat?
Komen:
looks like the ugly correction may have ended, but still need to see price drop below 5627 first
Komen:
maybe like this
Komen:
wave 5 of (c) is still going, any touch above the previous high of 5964 would deny my interpretation
Komen:
ready for sell ?
Komen:
a decisive break below 5858 would favor my bearish count

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


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