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wsbza
Apr 12, 2017 3:31 AM

squeezing top ?  

S&P/ASX index of Australian listed sharesFXCM

Description

maybe a leg down to break the wave 1 of (C) top 5832 first

Comment

Any counter trend corrections in lower time frame would suggest further downside potential

Comment

the rally from the recent low looks corrective, looking for more downside potential

Comment

possible internal count

Comment

other options could evolve a triangle but it could also get really complicated such as
wxy where x = triangle
wxy where y = triangle
wxy=(a)(b)(c) then (d)(e)
wxy=(a)+a/(b)+b/(b) then cde of (b) then (c) where (b) is a triangle
etc etc

Comment

still looks like a triangle or something contains a triangle
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