Blog: KLCI waves 65 - KLCI Has Hit 100% FIBO at 1529.28 and What Next ?

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3 comment(s). Last comment by hotstock1975 2021-07-08 11:17

hotstock1975

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Posted by hotstock1975 > 2021-07-07 12:09 | Report Abuse

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.

hotstock1975

365 posts

Posted by hotstock1975 > 2021-07-08 11:07 | Report Abuse

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.

hotstock1975

365 posts

Posted by hotstock1975 > 2021-07-08 11:17 | Report Abuse

Weekly Critical Support to watch at 1510

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