Nasdaq is likely to have a short term rebound.
If sub-wave 5 is completed, the short rebound may form a 'head and shoulders' reversal pattern.
There is an alternative wave count if sub-wave 5 has not yet completed its journey. A 3-3-3-3-3 diagonal sub-wave 5 may be possible.
Bursa Malaysia
It appeared to me that the run up in the last 2 years is more likely to be a major wave B and it is likely that it has ended its run in January.
The index has reached its lower support line, once the support gives way, the downtrend will be accelerated. It can drop up to 700 points within the next 12 months.
Really has to
Poor MCA
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