Selling at the completion of wave iv correction, on a projected impulse wave v of (c) down. SL at today's high.
Working on the last wave down on (b) of correction (4). Setting up ......... soon, for a major 5 waves impulse (c) up. long term view - wave (4) in progress :
A good chance it's heading down under 1.5245 - wave (iv) overlap (ii) - in forming an ending diagonal wave (c). Thus, setting up ........ soon, for possible corrective rally wave (v) up towards specific target of 0.6182 x i.
Projecting and breaking down wave count of (c) of correction iv moving towards 0.6590, before resuming uptrend.
Short setup ....... soon, on a minor impulse wave c of zigzag down. 30 min chart - a corrective wave (iv) white still in progress. Now working on completing wave iv orange, potentially terminating near 0.6182 of iii.
Dropping below required retracement of 0.6182 x iii, as expected & profit taken, but would still needs a complex wave (4) and a (5) for a complete bottoming process, before the rally.
Short setup of a (c) wave down near 0.6182 retracement of (1) purple, towards a specific target of (ii) = 0.6182 x (i).
Short on an impulse wave (v) possibly extended towards target 0.6182 retracement.
A two weeks plan - Setup on 1st impulse wave {i} for good R/R with SL at invalidation. Long term view - potential wave v projection
Dropping somewhere below 0.7158 - {iv} overlap {i} - would expect an Ending Diagonal forming on the red C wave, thus, setting up for a 3 waves corrective rally on the {v}
One more possibility for watching out - for a final push up in completing ending diagonal wave (c) before the trend down.
Currently on it's last push up past today's 2080 top, before trending down on a corrective decline wave v of ending diagonal (c).
Setting up short near 0.6182 x iii retracement. Revealing the super long term view : i.gyazo.com
Currently completing final run wave (v) of correction (4) with the larger wave (c) being an ending diagonal. Long term view - completing wave (4) correction , before resuming uptrend on wave (5) towards target 1.6182 x {1}.
Final run of wave (iv) dropping down to 0.6182 x (iii), before setup for long on wave (v). Bouncing between Fib ratios. Long term view:
Presently working down on wave (c) of correction ii, short setup for a 3rd wave (iii) at 0.6182 retracement. Long term view - complex wave (4) taking shape , alternating with simple (2) & potentially terminates near 0.6182 x (3)
This pair has retraced far enough towards 0.6182 to be considered as a 2nd wave ii correction. While potential to the downside is increasing.
Still moving down on a (c) wave of iv orange, towards 0.6182 x iii near 0.7145, before going up on an impulse v.