If KLCI is forming a lower degree mini wave 1-2, the correction is about there. I don't expect the mini wave 2 to drop below 1,800 level.
However if it is forming a higher degree sub-wave i-ii, then the current correction is likely to drag until June to complete the sub-wave ii.
After 3 hours of trading, Dow dropped 93 points (-0.5%) to 17,834 level.
If Dow is forming an 'ending diagonal triangle' wave (xiii), the minor wave 2 of v is about there.
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