Dislikedeven more bearish count......
See blog
Sorry, I am in a terrible hurryIgnored
sorry folks,
once again me :-)
Have put a not so bearish alternative to it.
Have a look
Conclusion:
we have to wait now. Nearly everything can develop from this point.
I would lean more towards the very bearish scenario, because I think we have concluded the top of wave 2 already and are in for a sharp decline in direction of 1.18 min.
On the other hand: If we are in a wave 4 action, the second chart would make sense, since one could fabricate a flat (3-3-5) action since 1.4029 where we have concluded impulse wave C right now.
That would mean we will make a new top.
On the one side I do not like to make a new top because I am short in stocks.
On the other hand it would be a great chance for all of us, who missed this decline thinking it was to corrective to be an impulse down.
We will see.