KNM - My wave count

After setting a height of around Rm 2.40 in January 2008, it went down all the way to 32 sen by March 2009. I am taking the 32 sen low as the end of major wave (II).

Since March KNM has completed 5 waves to form its wave 1 at Rm 1.06 on June 5.

Since then, it has formed a 3-3-5 corrective waves a-b-c to completed its wave 2 as shown above. KNM is currently in early part of sub-wave i of wave 3. It can be named 1-dot & 2-dot of sub-wave i.

As usual, there are many other possible ways of counting, but I shall monitor KNM along this hypothesis until such time the hypothesis can no longer hold.

The magnitude of wave 1 is 74 sen, if the magnitude of wave 3 is the same as wave 1, the target for wave 3 is Rm 1.43. If wave 3 takes the magnitude of 1.618 times of wave 1, the target for wave 3 can be 1.618x74 + 69 = Rm 1.88

It may be good to look at other possible wave counts.

Case A is what I have discussed above.

Case B is an a-b-c-d-e wave 2.

Case C is as shown above which is unlikely as the sub-wave i has only 3 waves and not 5 waves. But it has happened before in the past, the unlikely or the so called impossible option turns out to be the correct one ultimately.