Saturday, July 15, 2017

Dow - Mini wave 5 in progress

Dow (21,637)

Is Dow about to end its major wave 7? The possibility is there unless it has nine sub-waves.

FBMKLCI (1,755)

KLCI is forming the wave C of its mega wave (6). It is likely to end below 1,600 level for a 15% pullback.

Looking at the 30-minute interval chart. It is possible that sub-wave i of C has ended and sub-wave ii rebound has started.

Unless the mini wave 8 of i has not yet ended as shown below.


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