Dow dropped a total of 202 points on Thursday and Friday indicating that its sub-wave (ii) has not been completed yet. It is expected to be completed soon.
Inch Kenneth moved steadily upwards last week to closed at 63.5 sens last Friday. It is forming its wave 3 of major wave (V).
In the coming week if Inch Kenneth starts to move downwards to below 60 sens, it is likely that sub-wave v has been completed. Then the next pullback can either be sub-wave vi or wave 4.
However, if it continues to move upwards next week, then the last pullback could be a mini wave (ii) of sub-wave v as shown above.
Irrespective of what is going to be the outcome next week, Inch Kenneth has yet to complete its upwards movement.
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