See link below for previous analysis.
Foschini seems to have found a bottom at 8100.
The big bear market from 16688 has unfolded in a classic zig zag;
Wave (A) is a simple impulse.
Wave (B) is a running triangle.
Wave (C) is an ending diagonal.
The move from 8100 looks to be forming a leading diagonal.
After five waves are complete in the leading diagonal, I expect a three wave correction.
What is critical is for the correction not to breach 8100 which would invalidate the outlook.
Foschini seems to have found a bottom at 8100.
The big bear market from 16688 has unfolded in a classic zig zag;
Wave (A) is a simple impulse.
Wave (B) is a running triangle.
Wave (C) is an ending diagonal.
The move from 8100 looks to be forming a leading diagonal.
After five waves are complete in the leading diagonal, I expect a three wave correction.
What is critical is for the correction not to breach 8100 which would invalidate the outlook.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.