We have had non impulsive movement to the downside. this is disappointing because it means we could break out to the upside from here. chance is 50/50. a breakout to the downside would still be violent. 2175 is the number to break.

Yes China is daddy, it leads most of the time.

Looking very good imo. We have broken the primary trend line showing we are not accelerating. stop above 2180 is excellent risk reward.

The above trade is behaving well. the more we go down from here, the more valid it becomes. good R/R to short even at 2140. target 2050. Stoploss 2180.

This is a good short scalp, stop above 2088. Triangles thrust violently. the risk reward here is good. target 20xx

Sorry, this is a confusing thing you must learn about ew. there are many fractal degrees we must deal with. there may be wave ((v)), wave (v), wave v, wave (V) and wave V wave 5 etc..... we will still probably get a wave V to 2xx, but this is wave (v) of (c) of (B) of IV. Wave C will take us up to 4xx.

after an uninspirig sideways action the count is becoming consistent with the wave v count. we have evidence to believe we are in a triangle right now, this should play out in a day or two. Triangles are always terminal moves!, this is a hard rule, means we are close tothe bottom if this plays out a triangle. There are limits how far this can go so we may be offered a clear cut leading buy signal in the coming days.

Alternatively with a breakout such as this we can start to look for a long with favorable risk/reward.

This is still the most bearish count we can expect within the larger picture.

EDIT: note this is not a trade just forward planning.

this is the failure count. because of the unclarity of the larger bearish count ill wait for confirmation of v down before next trade. close longs at breakeven

I expect at least another leg up from this point to satisfy bull and bear counts. we are approaching a cross road. If we see weakness in the 2200-2216 area we should move our stops to break even or close out at profit. If we break the trendline we should look to close at small loss and re evaluate but I am not expecting this.

This is a good shot at taking a long. the dip is behaving naturally and correctively. keep that stop just under the primary trend line.

I am getting some confirmation from other EW analysts that wave C has begun. looking long now.

This is the first plan of attack for aggressive traders. keep your stop loss under the primary trend line and buy any significant dip that offers favorable risk reward (up to you how much risk you want to take, the potential target is sky high). Use a momentum indicator like macd to enter.
again no need to panic, lots of dips to come. save some margin for later.

This is looking quite bullish. it is a lot sharper and taller than a hypothetical wave c of iv or triangle. if it were a wave c, this would be iii of c, leaving very little space for wave v before breaking critical resistance. soon we might be in a state of searching for an optimum long entry for wave C. Dont panic, there will be plenty of dips along the way.

Watching the levels carefully, remember 2216 is the level that will confirm wave c has begun.

moving stoplosses up to breakeven is wise here.

After flat behaviour the price action has given us bullish signals.
Considering the larger picture, we need to consider that the last rally up may be impulsive however technically the dominant count is a corrective abc.
What we have is non impulsive behaviour to the downside, suggesting wave b or ii. therefore what will follow is c or iii upwards.
Buying here would be fairly high risk but great reward ratio (like all my trades), especially considering the medium term potential from this point.

We should remain cautiously prepared for lower lows however from this point on they will be very limited by the larger picture. I am still confident with the larger count along side many other EW analysts.




This is the most bearish case for wave C. it is a valid count so maybe it is what we should expect.

Between ii and iii is a zig zag, it would have to be a fiver. unfortunately it is not yet looking like an impulsive count.

however, the larger impulsive count down seems terminated, so we are looking for an impulsive wave up. we had also some significant buy volume on the rally.

critical levels..... break of 2185 ((i)) of (iii) of v, and 2219, wave iv. These are not breakout trade setups, rather reasons to look for going long if we dont get a clear impulsive - Trading the bigger picture.

Using indicators like MACD, RSI, STOCH.... all good to use to trade at this bottom. I cannot give a strategy for this, only suggest your stop loss is by local lows.

This selling is fairly hard but the bigger picture is still very clear. this wave (v) of c of B might take us down to around 2060. very unlikely to go much further. Targeting th 0.618 fib now, a common retrace.

As we have made new lows here the new level to break entailing wave C has begun is 2230.