Monday 1 April 2019

JSE, Top 40 Index, J200

This pattern analysis of the hourly chart for the JSE Top 40 index sees the continuation of the move towards the completion of Minor wave 3.  It is indicating Minute wave [iii] as smaller than Minute wave [i] and thereby Minute wave [v] to be smaller than Minute wave [iii].  
Should [v] = 0.62 [i] then 3 will be 51600. But don't tell the Jackal or the Hyena.
Be aware that Minor wave 4 will need to stay above 1


The risk of the 1-2-3 take being wrong due to it being a disguised A-B-C bear trend correction has happened before and can happen again. Better to be aware, use a wide angle of vision.

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