Karambunai
Sub-wave iv can be completed
Salcon
My friend asked me to have a look at Salcon. My chart reading for Salcon is as shown below.
Its OBV is impressive, the stock is being accumulated. Its major wave (III) has started. It is currently forming sub-wave v of wave 1 as shown below.
YTLE
It is currently forming its sub-wave iii of wave 3 of major wave (V).
The question here is whether sub-wave iii has been completed. Possibility 1 as shown above, sub-wave iii has only 5 waves and is completed and it is currently forming wave a-b-c of sub-wave iv.
However if sub-wave iii has 9 waves, the last pullback is mini wave vi and it is currently forming mini wave vii as shown above.
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