wsbza

An ending diagonal?

wsbza Updated   
FX:JPN225   Nikkei 225 Index
10
looks like a ending pattern with great downside potential
Comment:
Preferred count: wave (v) equals to approx 0.618 times the length of wave (iii). A solid close below the end of wave (iv) 19744 would confirm wave (v) ended at 20319. Alternative structure: another modest rally is also possible, if price does go up again, it should be stopped under 20697 as wave (v) should be less than wave (iii) in the contracting ending diagonal.
Comment:
not sure what's going on. This could be 1-2 followed by another lower degree 1-2 but maybe sideways before another wave up ?
Comment:
if this green triangle is the end of a combination correction, another decline is near
Comment:
idealised sell set up
Comment:
could be another wave down

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