Dow - Higher degree correction about to start

Dow (21,528)

Dow opened with a gap on Monday and continued to move higher for its 22nd new record high for 2017.

If the gap is an exhaust gap then mini wave 3 can end anytime. Mini 4 correction is estimated to last about a month.

ATTA Global Group Bhd (Rm 1.34)

After two days of correction, the magnitude for sub-wave iv is about there. The next rebound will be the sub-wave v of wave (iii).

But if ATTA continues to move lower, another possible wave count is as shown below with the current correction as sub-wave ii of wave (iii).

.