FBMKLCI - 3 possibilities

KLCI dropped 19 points today to close at 1666 level, another 8 points to go to reach the top of sub-wave i at 1658.

If this 1658 support level can hold, KLCI is either forming the mini wave 2 of sub-wave iii.

Or it is forming the wave a of sub-wave iv.

Another possibility is an overlapping 1-2-3-4-5 advancing wave to form the sub-wave i.

However, under this possibility of sub-wave ii correction, KLCI can start to rebound from its lower channel line at around 1658 level.

It also can go below 1658 level to the mini wave 4 level of 1600.

The worst that can happen is to have a 100% retracement to its starting point, which is the end of major wave 4 at 1532 level.


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