Looking at an all time Safaricom chart, we reach a Flat correction(A,B and C), and whole chart represents the C part of the correction as mentioned. Our Wave C is full of character showcasing 5 internal waves as expected.
We start off with Wave 1(Green), from the top left of the chart, that had 5 internal waves shown in black. When Wave 1 was completed, we witnessed a Flat correction with 3 internal waves, A, B and C. These 3 formed our Wave 2(Green) and we should expect a Zigzag correction for Wave 4(Green). Wave 3(Green) respects the 1.618 Fib. level then forms Wave 4(Green). Indeed Wave 4 was a Zigzag as expected and then Wave 5(Green) proceeded.
Wave 5 shows character also, with 5 internal waves all shown in Blue. When Wave 1(Blue) completed, Wave 2 expressed itself in a Flat correction and we should expect a Zigzag for Wave 4(Blue). Wave 3 is long and almost gets to the 4.236 Fib. level. As expected, our Wave 4 was a Zigzag(specifically a double Zigzag) that retraces and confirms at the 2.618 and 1.618 Fib. levels. We should expect a Wave 5(Blue) to the region of 4.236 Fib. level which is around Ksh 10.80.
We start off with Wave 1(Green), from the top left of the chart, that had 5 internal waves shown in black. When Wave 1 was completed, we witnessed a Flat correction with 3 internal waves, A, B and C. These 3 formed our Wave 2(Green) and we should expect a Zigzag correction for Wave 4(Green). Wave 3(Green) respects the 1.618 Fib. level then forms Wave 4(Green). Indeed Wave 4 was a Zigzag as expected and then Wave 5(Green) proceeded.
Wave 5 shows character also, with 5 internal waves all shown in Blue. When Wave 1(Blue) completed, Wave 2 expressed itself in a Flat correction and we should expect a Zigzag for Wave 4(Blue). Wave 3 is long and almost gets to the 4.236 Fib. level. As expected, our Wave 4 was a Zigzag(specifically a double Zigzag) that retraces and confirms at the 2.618 and 1.618 Fib. levels. We should expect a Wave 5(Blue) to the region of 4.236 Fib. level which is around Ksh 10.80.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.