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wsbza
Oct 11, 2016 11:05 PM

Bearish potential  Short

S&P/ASX index of Australian listed sharesFXCM

Description

could be a 12-12 sequence or simply a 5-wave decline followed by sharp rally, although wave 2 seems bit oversized if comparing with wave 4

MACD & RSI were unable made new highs when price pushed for few higher highs
will short if price penetrate below the 5440 supportive zone

Comment

15 mins trend seems promising so far

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either pink or green labeling

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bearish potential still valid

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looks like another smaller degree 3rd wave is underway

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i guess it's under wave iii of (iii) now

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alternative count be wave i of (iii) in the making
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