Tuesday, September 6, 2016

FBMKLCI - forming sub wave v

FBMKLCI (1,689)

KLCI gained about 18 points (+1%) in two days. It appeared to me that it has finally started its sub-wave v of its wave (iii).


If the magnitude of wave (iii) is the same as the magnitude for wave (i), very likely it will have 9 sub waves and is likely to end around 1,800 level.


From the 20-Year chart, I expect the major wave 5 to end by the second half of 2017.



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1 comment:

  1. hkloonSeptember 8, 2016 at 11:39 PM

    Hi, good day to you...
    for FBMKLCI, how many major waves (currently in major wave 5) can it form before it end the (5)? Is this (5) called Mega wave in your context? many thanks

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