See link below for previous analysis.
I have updated my preferred wave count and it has significant implications.
The new count shows the decline from 33519 to 11079 as a complete zig zag pattern.
Wave (A) is a impulse with distinguishable five waves.
Wave (C) is also an impulse though more simple in structure.
I am looking at the advance from 11079 to 22166 as a leading diagonal and the correction to 13176 as a zig zag, however it is possible that this correction is still unfolding.
The key level to watch for the bullish outlook is 11079 as a break below this level invalidates the bullish forecast.
I have updated my preferred wave count and it has significant implications.
The new count shows the decline from 33519 to 11079 as a complete zig zag pattern.
Wave (A) is a impulse with distinguishable five waves.
Wave (C) is also an impulse though more simple in structure.
I am looking at the advance from 11079 to 22166 as a leading diagonal and the correction to 13176 as a zig zag, however it is possible that this correction is still unfolding.
The key level to watch for the bullish outlook is 11079 as a break below this level invalidates the bullish forecast.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.