Just a swift and nice supported at UT line. If this level can hold, a technical rebound could emerged to realize sub minuette 3rd wave today and sub minuette 4th wave would be on the run towards lower gap. Otherwise, there would an new extension waves down for sub minuette 3rd wave if UT line breach tomorrow. Finger Cross.

Attempted to close above weekly Lower Gap 1573.78. Most important if it can close above weekly Upper Gap at 1575.97 on Friday. Let's watch.

sub minuette waves c is in the making towards ET2. Downward momentum will be strong once 1514 breached. Finger Cross and Take Care!

Since 1526.34 breached today, revision counts where wave D has been justified earlier with the completion of sub minuette waves abc as mentioned. Instead, wave E has been on the way down from 1604.98 to current level and downside targets will be reveal. Finger Cross.

1548 was hit and rebounded. Let's see

Mentioned targets above had met. Finger Cross.

What an nice breakout of DT line. Momentum has changed and could this be the fresh start of Super Bull Run to end Wave Z ? Lets see .

KLCI just closed well below DT line yesterday. Finger cross.

To be honest, this is only my research on KLCI Analysis to share with public without LURING readers to join some special Telegram or FB group in order for the host to make money. I am welcome everyone to share their thought or knowledge in this well establish platform and learn something new together. Regards. Wave Believer.

After you have put his full name, i just aware of them but not knowing them. Can ask them to share their wave counts here?

i don't know him

Weekly Critical Support to watch at 1510

As mentioned above, we might see the downside target of Diamond Formation (1500) or FIBO 161.8% (1484). A pending Positive Catalyst could initiate a Divergence for a stronger rebound when this levels hit. Let's see.

Since the prior low of 1529.68 has been breached, i am seeing 3rd sub minuette waves extension (iii) is not over yet which could lead to lower level. Moreover, weekly DMI spread continue to expand widely with rising ADX which indicates more downside may come unless a there is unexpected catalyst to turn things around for reversal. Finger cross.

Towards FIBO 100% ? After the sub minuette x wave formed, sub minuette waves of 5 waves structure is forming downwards. Would there be minuette extension waves further to meet the FIBO target or Diamond formation target 1500? Finger cross.

KLCI have entered in the FIBO region of 61.8 - 100 % as mentioned and its hovering at around 78.6% currently. Let's see whether it would extend to 1500 (Diamond Formation target) or FIBO 161.8% at 1484.

Those are some of the requirements on Elliott Wave Analysis approach.

We are in the midst of sub minuette wave v...Let's watch

Very far..You may share your counts

I have just included the Monthly Time Frame analysis above.

Very nice bounce from the FIBO region

KLCI has breached down from DIAMOND FORMATION since Monday and entering into the Waves criteria of FIBO region (61.8 - 100 %). Let's see whether KLCI would make a reversal from DIAMOND FORMATION target or Wave's FIBO target?

There are tons of different market players or makers who make the market move. We are analyst who study the behavior of the movement to project the next outcome. Let's Mr Market do the talking. You are welcome to share your wave counts or analysis here too. :)

Although Supermax is not in my Best Wave count list, I think it's wave structure is smoothening into my category and coming soon.

Some bankers cutting it's TP and hope to get cheaper prices. I can assure that they will miss the boat once impulsive waves emerged where it would be too late to catch the glove wave.

No mentioned bro. I am also learning and preparing for any unexpected changes everyday. Keep it up !

Good shot bro...I can see some of your primary counts was my minuette wave counts. I hope you did revise some counts in between March to April for the higher degree of Wave 1 and 2 as there were some complex waves which caused the momentum changes in June. Moreover, there were a lots of counts criteria penetration and complex waves formations which lead to revision along the way. Instead of just using Daily chart, try use Higher Degree Waves counts in Weekly to filter those noise in Daily as Daily noise could wrack the entire picture. Also I do verify smaller time frame for smaller degree waves incurred within. Then, the whole picture would be matching each other from smallest time frame (minutes to hours) to higher time frame (weekly or monthly or quarterly if available on your software). Currently, I wish I could see the immediate correction to end now but I really can't ignore the Head and Shoulder formation which was formed quite nicely and WXY complex wave indicating reckless waves ahead. Let's see how it goes.

I guess I missed out your enquiries whether Primary/Highest Degree of Wave 2 is on it's way. Yes, Indeed. Since the Higher Degree of Impulsive Bull Waves from March 2020 to Dec 2020 had realized, it would quote as Primary Wave 1 and Primary Wave 2 is on its way. Let's see how these prolong complex correction waves to end before Super Bull Cycle in long run.

Hi Bro, Fully agree that it is better off if we can apply regular TA with EWave analysis where regular TA is an must or good starting point before embarking into Ewave.

Based on my 2 possible counts from prior session 42, the initial Wave 1 assumption (outcome 1) was Invalidated after Wave C (1572.62) had been breached last Friday and so there would be no Wave 2 construction as the Primary/Higher Degree of Correction is not ended yet.

As aware, Complex WXY wave formation may consist of different combination forms like regular ABC, 5 regulars implusive wave and etc. From the current counts labelled, you may be correct to quote these sub minuette wave 1-2-3-4-5(w)-x-y could form as Wave A as soon as now with an expectation of rebound from 200EMA. However, i will be very caution and leave more room for these sub minuette wave y to take place where it may form in different complex formation to end wave y. Even i have mentioned it had met minimum criteria of WXY completion, i need more incoming wave counts justification to validate these criteria due to current momentum and same goes to the other 2 lower Wave Y targets projections if incurred.

I am watching the UT line as immediate support where it could lead to an impulsive waves to the downside if UT line breached. Correction complex waves are always the most challenging phase which we need more patient to wrack the code one at a time. Kindly continue to share your thought if i have missed something.

i am also appreciating your sharing and opinion. Hopefully, i can receive more sharing and opinion on going forward.

Wave believer.

My tribute to Robert Prechter & Alfred John Frost.

Bro, you may share your counts or analysis on how you project your targets at 1656? Downgrading or Upgrading event is very common in the market. That's why we are always expecting what we call knee jerk reaction or hiccups along the way up. Always expect the unexpected.

That's why patient is very important to ride up the correct waves to the destinations.

Please share your EW counts in details with labelled in chart form. Let us see how you label your wave counts.

Please publish your Feng Shui chart here. Let us check.

Even technical write up has not declosed and justified clearly either. Very fishy. You can help to pump up but take care.

Hello See Jovin, are you able to share your wave counts precisely in chart form? Let us have look. Because I see the wave counts different from yours and would like to see what's went wrong there. For those who is already followed, Be extra Cautious until it justified.

Please share your Elliot Wave counts in details with labelled here. Looking Forward.

PureBull. Thanks for your sharing. No doubt gloves stock has played a vital role on KLCI index movements during these pandemic period. As aware, the entire basket of the index still need to be monitored as rotation play still ongoing on how different blue chip to sustain the growth of the index gradually. Whether KLCI is already at the second 5 bull waves or still under impending larger consolidation before the impulsive bull waves, I am still preferring waves analysis approach to track the movement rather than fundamental analysis as TA signal will lead FA approximately 6 to 9 months ahead. No matter how sophisticated the waves being formed, all has been priced in. Therefore, magnitude of movement measurement comes in to quantify the validity of wave forms during the structuring process stage by stage. From my first few session during March, KLCI had formed double top on 2014 and 2018 and did a huge correction since then. I am still believing these entire double top correction is over and we are in the midst of Super Bull Cycle to overwrite the double top formation in long run. Ofcos, we may encounter unexpected hiccups along the way up. From my observation, KLCI has lead over SnP500 in term of waves count as SnP 500 had just completed Wave 1 after ABC correction done. Shall KLCI will lead SnP500 ongoing forward or both will synchronize soon before making up Wave 3? For Gloves stocks wave form especially those index link one, no doubt they are the most mirroring KLCI waves now. However, I will still let the waves do the talking.

Due to time constrain, I guess I won't be able to open a private forum to share my analysis at the moment. However, I will still keep sharing my analysis here and keep learning.

As my sifu always said never stop learning to sail with Mr Market.

Wave Believer

Let Wave 2 sail naturally

Bro..you may share your analysis.

Closed above 1418.42 convincingly could spur some strength towards upside. Let's see Mr Market is able to pave the way.

Both mentioned resistances 1407 and 1418.42 have been broken without creating 'e' wave. It meant the sub 4th wave correction has ended at 'c' wave and sub 5th wave is on it way up. Let's see whether the current momentum can drive it to a potential target of 1450-1460 which is just beneath the UT line shown.

Don't forget there is another critical resistance to watch on weekly timeframe. If KLCI managed to close above 1407 today, it might spur some strength on continous trend next week.

Correction for the last statement above

"4th" >> "5th"

===============================================================================

"Last but not least, any penetration below the supports level may signal the beginning of sub "5th" wave"

5/4/20

In weekly time frame, the validity of bullish engulfing setup is still being watched since it was closed under 1343 - 1353 range. Since it made a halt at upper half of the engulfing setup with a Doji, we still remain our view that a consolidation phase with a favorable retracement level at 1303-1306 range to succeed the engulfing setup in near term.

Wave believer

1/4/20

In monthly time frame, it was a first green closing after 4 consecutively prior month end sold off. However, it was just closed above 1343 which was double top setup target level.

In order to achieve the validity of bullish engulfing setup in weekly time frame, it has to close above 1343-1353 on this Friday. Otherwise, we will expect consolidation phase with retracement level at 1303-1306 to validate the bullish formation setup in near term.

Wave believer

We always call Mr Market

As weekly and monthly time frames analysis has been focused here. Kindly watch out for the retracement level of 1303-1306 and monthly closing on Tuesday as there had been major sold off for the last 4 month end.

We will project the target of final sub 5th wave or WAVE C when the sub 4th wave end.

29/3/20

From weekly time frame, the minimum criteria of sub 4th wave has been achieved at range of 1345 - 1350 last week. However, we will not rule out a possible test the maximum criteria level of 1441 due to a potential bullish engulfing formation setup and a close above 1353 on these coming Friday will realize the formation. The degree of the succeeding formation would be high if the next retracement level of 1303-1306 to be hold.

I would like to reiterate that any degree of 4th wave is always being formed in longer consolidation behavior. Therefore in the coming few weeks, there would be definite formation of the sub 4th wave being formed to project the end of sub 5th wave or WAVE C.

From daily time frame, there were 3 lower degree if sub wave "abc" formed but it was just the beginning of sub 4th wave in weekly time frame.

last but not least, patient is the key.

Wave believer

22/3/20

On Weekly time frame currently, a greater degree of selling force had pushed harder to lower lever and rebounded with a closed below 1344 which become an additional resistant lever to watch now.

Due to the greater degree of impulsive down move, we have revised from the initial sub 5th wave of WAVE C to sub 3rd wave extension instead which meant sub 3rd wave has just ended at 1207. From now, any upward move will be considered as retracement to complete sub 4th wave before continuing downward again to complete sub 5th wave and major WAVE C. The minimum target level for sub 4th wave is around 1345 - 1350 and maximum level is around 1441.

Finger cross.

Wave believer

15/3/20

On Weekly time frame, selling pressure continued dragged the index further 1320 and closed at 1344 which was the Double Top target. Since it the Mr Market chose to complete fully double top set up, WAVE 5 criteria was also seems fully met too as straight forward normal sub 5th wave as expected in Monthly time frame without extension wave formation. To reiterate, blue upper trend line and red down trend line are still acting as resistance and confirmation level of WAVE C. we may see consolidation phase below this 2 lines before any greater actions. Let's see how Mr Market to form us more signals ahead.

Wave believer