Update: 25th March:
Intermediate wave (1) has probably completed at this minimal level when related to Minor wave 1. The JSE will need broad shoulders to weather the erosion of the economy by the ongoing political incompetence and endemic corruption, with opportunities for change being cast aside as usual.
Previous: 8th March:
Despite the JSE being deserving of another ABC correction, we are actually witnessing the start of a new and long-term bull trend. If wave 4 is active then it cannot go below 1. If it does then wave 3 will probably extend much further, eventually.
If wave 4 arrives near the lower boundary line (not shown) then a 5-wave 5th would conclude a leading diagonal for this Intermediate wave (1). Intermediate wave (2) should not be lower than 2 but should more likely target 4.
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