Mt Rainier National Park, USA
My chart reading for FBMKLCI remains the same as that posted on 31st July, last Wednesday. FBMKLCI is forming its major wave 3 currently.
It has finished wave (i), (ii) and (iii) of its major wave 3. It is forming the wave (iv) at the moment.
It has also completed its wave a and b of its wave (iv) and is currently forming the wave c.
The small rebound in the last four trading sessions can be the sub-wave ii of wave c.
If the index goes below the 1775 level in the next few trading sessions, a small 'Head & Shoulders' will be formed. The sub-wave iii can be quite sharp, it may go to 1720 level before the sub-wave iv rebound. Ultimately the wave c of major wave (iv) may end somewhere near 1680 level.
.
No comments:
Post a Comment