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Short-term Sell set up

By wsbza
Updated
Since the short-term structure remains bearish, I am incline to wait for a selling opportunity to pop up
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short-term bounce may continue and may test the 38.2% or 50% retracement levels
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looks like a bearish pattern is almost done
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there has been no impulsive decline so far, price could still go up
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e.g. a double zigzag correction
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if there is another push above wave y then we can label w-x-y as a-b-c flat
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break below 6510 could indicate the recent high is the end of wave y
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could be another wave up to test the 0.618 retracement level
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bearish count
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Bearish FlagChart PatternscorrectioncorrectivestructuredoublezigzagElliott WaveFLATimpulseTrend AnalysisZigzag
wsbza
'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'


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