wave 1 from 1385 to 1464  = 79 pts

wave 2 from 1464 to 1412 =  52 pts  Fibo retracement of 0.5

wave 3 from 1412 to 1632 =  220pts Fibo extension of 2.0

wave 4 from 1632 to 1529 =  103 pts Fibo retracement of almost 0.5

wave 5 projection :

subwave i = 1529 to 1596 = 67 pts

subwave ii = 1596 to 1579 = 17 pts  fibo retracement of 0.786

subwave iii = 1579 to 1660 = 81 pts fibo extension of 2.0

subwave iv = 1660 to 1633 = 27 pts fibo retracement of 0.618

ASSUMING subwave i = subwave v cuz subwave 3 is an extended wave

1633 + 67 = 1700 ( wave 5 projection )

SUPER RESISTANCE at 1700 area

Again, wave count is very subjective. Am just applying some theories for the EW projection.

Personally , I would prefer KLCI to break high of 1700 for higher high structure then previous high of 1695 that was set on 2020-12. That would set a good tone for future market.

Sectorial rotational play are almost done. 

I would say our market is on tail end wave already AKA... fish head!

But with FED planning to reduce rate (bullish for market) and most of the are analysts targeting 1800 by year end! 

So... I can be wrong!!

Market is dynamic

Trade cautiously and trade with plan!