May 21, 2014


Green Monday as expected and if you are short you do not need to worry which scenario will play out.
I have changed the ending diagonal idea -> A-B-C to 1850 should finish wave 4 from an ED. The indicators look bad and the only "prove" which I have for an ED are the European indexes, where it looks like the scenario with the higher probability. The DAX for example the current short term move lower is extremely choppy and it is corrective.

But as I said if you are short you do not need to worry. Just watch what happens around 1850. For the red scenario the price should move easily bellow minor support 1850 and important support 1840.

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