Strike Analytics

Taiwan

16 Jun 201610:57 AM

Taiwan completed a triangle where wave e of B was truncated, meaning it did not touch the upper trendline. But since the next move down appears to have stared we may already be in wave C down now. C=A is at 6300 and that is a long way down. The upper line is at 6820 and staying below that the triangle is picture perfect bearish for this stock market.

taiwan160616

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