Possible bullish count in Facebook MEDIUM TERM
Rare situation which allows great oportunity in both directions
Possible wave interpretetion medium and long term
possible another wave down with minimum target
1. Failure to break important zone(on chart) 2. Failure to break declining trendline(on chart) 3. Reaction on 38.2 Fib level of wxy decline from the top 4. Breaking out short term uptrend channel (in process) Conclusion: High probability to refresh low 5868 to finish wave A or W in 4 wave Intermadiate degree What will eliminate this scenario? Breaking important...
DAX possible interpretetion for wave (4) Intermediate degree
Current wave structure suggests the rally in DAX in wave 5 Intemediate degree with main targets 14500-14600. If so, it allows another advance in SP 500 and eliminates my short term scenario for SP 500.
High probability we have finished wave 1 or A. Main scenario is after correction pair must resume working down
We are sitting on critical zone of 61.8% retracement of wave 1 (or A) 5 wave decline.