It is possible that the wave a of (iv) is completed. Crude oil price is likely to head lower in the next 3 to 4 months unless wave a can have another surge before its completion.
Dow (17,949)
Dow is forming its major wave (7). Still has a long way to go.
FBMKLCI (1,646)
I preferred to maintain that KLCI has completed its super wave (I) with a failure major wave 5. If so then the current rebound is sub-wave ii of wave (iii).
However, if KLCI is able to move higher than the high of wave (ii) (1,660), I will need to review my wave count.
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