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wsbza
Jul 12, 2017 11:47 PM

Another c wave rally is possible 

S&P/ASX index of Australian listed sharesFXCM

Description

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.

Comment

not quite sure about this corrective structure, but a break below 5627 should signal further bearish potential

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another count in red

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looks like complex (b) wave is done

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Sell?

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will this to be unfold as corrective patterns?

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expanded flat?

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looks like the ugly correction may have ended, but still need to see price drop below 5627 first

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maybe like this

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wave 5 of (c) is still going, any touch above the previous high of 5964 would deny my interpretation

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ready for sell ?

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a decisive break below 5858 would favor my bearish count
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