break the channel and continue the down trend?
expect small rallies and/or consolidations before place short again
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If break the big channel in Daily Chart, huge downside potential
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alternative wave count in yellow shows some bullish potential for a 'c' wave
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If the overall structure follows 12345 sequence we may see a turning point very soon
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Some weakness in 15 mins chart
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it seems like an impulsive down followed by a 3-wave correction in 5 min chart
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Bearish Scenario on Daily Chart www.tradingview.com/chart/7CVY4Cno/
Breaking the short term uptrend channel on 1 Hour
Breaking the short term uptrend channel on 1 Hour
'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'
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