Impulsive wave in the expanding diagonal pattern is possible with a 3-3-3-3-3 formation. Currently in the final wave 5 of C Targeting 24k-27k level which is the:- 1. fib extension 127% 2. near the lower channel line 3. fib retracement 61.8% 4. completion of the expanding diagonal and the final wave i might be wrong. trade with cautious. wait for a firm rebound...
- Correction pattern of irregular flat is near to completion. - Expecting a rebound soon to complete the final wave 5 - Short Term bullish - Need to look the bigger picture to confirm if the bullishness is to remain.
Practising my EW count. In my opinion, KLCI has completed its Wave 5 and currently having its pullback heading to the south. Just my 2 cents!
support created with broken downtrend line. Created a 1-2-3 pattern. Expect for a rally once it breaches the main downtrend line.
Monthly chart shows a potential bearish sandwich with a steep toppish pattern. Will we see a reversal soon?
Fundamentally good with diversified business activities ie power plant, o&g.