possible wave count

Initial wave (a) done?

Komen:

not much of change so far

Komen:

triangle (b) or zigzag (b) with a triangle b

Komen:

Fibo 50% or 61.8% re-tracement may defend short-term bulls

Komen:

close to a trend reversal ?

Komen:

previous alter count won

Komen:

bearish assumption

Komen:

expanded flat still possible

Komen:

Komen:

Komen:

it seems wave (b) has some unfinished business

Komen:

triangle x or flat b ?

Komen:

could be another c of (b) up

Komen:

could be a complex (b) wave

Komen:

the short-term decline is getting sharper, maybe wave (b) or (ii) is done

Komen:

the short-term picture is not very clear, could be more sideways

Komen:

well, if this is truly a bearish structure, we should see lower degree consolidations that may allow us to join with bears

Komen:

Komen:

still expecting wave (c) decline

Komen:

The triangle (b) wave is no longer valid as DAX made a new high today
This left us with 3 possible scenarios:
- Expanded Flat wave 4
- Running Triangle wave 4
- Extended wave 3

Komen:

bearish flag short set up

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Komen:

Komen:

green wave {C} is about 2 times the length of green wave {A}, probably a good time to take the profit

Komen:

potential (i)-(ii)-i-ii count