Monday, July 31, 2017

FBMKLCI - Wave ii rebound has ended

FBMKLCI (1,760)

KLCI didn't move as I have projected over the weekend. The twelve numbers of 30-minute interval candlesticks has cut short the wave ii rebound.



Wave ii has ended at 1772 level on last Thursday, 8 points short of my projected 1780 level. Wave iii of C has already started on last Thursday afternoon.



Wave C is expected to end around 1,520 level, another 240 points to go.



From the 20-year chart, one can see that I am assuming that KLCI has been forming its mega wave (6) in the last 3 years.



.

No comments:

Post a Comment