Since our last post on July 12, we are anticipating that US may inch up near the all time high or even break it above. But with recent price movements, it looks like that we may confirm the 5 mini waves up that might:
1 - end the Int Wave V of Major Wave 3 of this Primary Wave III Bull Market, and Major Wave 4 correction will take place.(65%)
2 - the 5 mini waves is just the minor wave 1 and 4 waves to come before the Major Wave 4 correction. (35%)
* Major Wave 4 correction of Primary Wave III is expected to range from 5-12%
For PSE, if US does not move up to new highs, we may also be stucked on the 6600-6650 resistance. And a move to new highs of US will upgrade our resistance to 6800-6900. A good uptrend channel is seen on the daily charts.
No comments:
Post a Comment