This chart shows the bullish view with the current low being a wave 4 and the expectation of am still coming new high (or double top). Although unusually deep for a wave 4 it does not break any rules.
If the index is now bearish it will break the two lines I've drawn for confirmation. So rather than guess at a direction right now, I wait for the completion of one pattern or the other.
You see it is highly likely that if there is a new high this should again give way to a broader downturn as the market is so overbought.
If the index is now bearish it will break the two lines I've drawn for confirmation. So rather than guess at a direction right now, I wait for the completion of one pattern or the other.
You see it is highly likely that if there is a new high this should again give way to a broader downturn as the market is so overbought.
Nota
Watching for a top to go short 
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.