Please see my post from February 1 here first.
With a decline to 15,356 just 9 points above my possible target at 15,347. We now have the first five wave decline from 16,588.25 firmly in place and it's time for a correction higher towards at least the top of wave iv of one lessor degree at 15,945, which is slightly below the 50% corrective target at 15,972. Once this wave 2 correction is over renewed downside pressure will be seen, but for now let's concentrate on the upcoming correction.
Hi EWS just back from Joburg SA had a great time and they got Sun and Heat in the UK a very different picture.
ReplyDeleteSupprised to see ZAR still up so high how do we read this lattest action form 11.39 high in 4hr looks like abc x and in a now,or would we be looking at i ii i ii and a break lower whats your thoughts EWS your veiw would be great
Great pattern building on DJI
Hope your doing good Best Regards jt
Hi JT,
DeleteThank you I'm well.
Hope you had a very nice trip to SA.
I will update my view on ZAR in just a few minutes, but I think we need a Little more upside before we can expect a decent decline.
Kind regards
EWS