On Thursday and Friday Hang Seng put on a total of 1260 points (7.5%) and as shown above, the wave 5 has started and it is likely to reach 20,000. This wave count of waves 1-2-3-4 is the most conservative count but I shall stick with this count until there is sufficient data to knock out this option.Singapore chart as shown below is the same as Hang Seng, it has also started its wave 5 and it is likely to reach 2,680.
If Hang Seng and Singapore STI are in wave 5, I would like to assume that KL Composte will contiue its uptrend move until such time when Hang Seng and STI have completed their respective wave 5 and have started their respective correction.
2 comments:
mr chan, y is the wave 3 shorter than the wave 1?
Hi Miss Guan, Sorry for overlooking your question. If wave 1 is an extended wave, wave 3 and 5 will be the shorter waves. It is always one long wave and two short waves. But through my years of observation, sometimes we can get two long waves and one short wave, this is not allowed for by Elliott.
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