Technical analysis that anyone can undertake for themselves. Previous Blog (now for other than JSE) - https://wavecount.blogspot.co.za/ Click an image to enlarge.
Monday, 3 February 2020
JSE, Sasol, SOL
With no other consideration than the lines on this image below please observe with me and check the Cycle degree correction consisting of Primary waves [A], [B] and [C].
Whilst wave [C] has within it a wave pattern of 5-3-5 with the second 5 slightly extended against the first 5. Then the final movement of the [C] wave indicates a divergence with the low lying RSI.
These things strongly suggest that the end point for [C] is quite closely hereabouts.
And so does the alignment of [C] with [4]. And so does the Fib ratio of the extension of [A].
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