Daily Time Frame

To Recap, the Higher Degree Of Corrective Waves have been revised to a prolong ABC OR ABCDE correction waves as labelled above. Currently, Wave C could be constructed with 3 or 5 sub minuette waves.

C1) If it was 3 sub minuette waves, Wave C could have ended at the current lower ascending triangle line and Wave D1 would be on its way up towards the GAP. Wave D1 construction would be validated if it is able to break above RM15.62.

C2) If it was 5 sub minuette waves, 3rd sub minuette wave could still being constructed. From the projection target point of view, Wave C could be ended at around RM9.58 if it could not rebound up above the current lower ascending triangle line again.

All waves' count and projected target are generated based on past/current price level and it may be subjected to vary if degree of momentum movement change. 

Trade safely

Wave Believer