TradingView
wstchse
Aug 8, 2014 3:44 PM

Two plausible scenarios, both being bearish...but how bearish? Short

Description

All analysis is provided on chart
Comments
HerSerenity
If I may ask, did you use this thing to form the purple support line?

Besides that, thanks for the wave analysis, yet I doubt it's just going to halt at 540 for obvious reasons.
wstchse
Yes, I did. Usually I'm not a fan of counting over shoots, however if you do not count the overshoot it would still put us in a descending triangle. Happy trading.
HerSerenity
Then be informed there's a handful of people that know how to inject false trades into Huobi, that's how the wick was made (around 3780 if I remember correctly). Another example is the 07-18 8:00 candle (up- and downside this time).
More