JSE, Satrix Resources ETF

The chart of the Satrix Resources ETF (https://satrix.co.za/products) is similar to those of several of its component shares. The Primary waves [1] and [2] were approx 12 months and 6 months in duration and have been followed by a Primary [3] wave that has extended and appears headed for a duration of approx 36 months.
Primary wave [4] should alternate with the simple zigzag pattern of [2] and Primary wave [5] is often with similar total price move to [1].