$JSEINL - Investec Ltd: How Much Bigger Can The Correction Get?
See link below for original analysis.
Two things played out since my last coverage:
1-the market topped out not too long after the analysis.
2-we got a clear MACD divergence between wave (3) & (5).
The correction hasn't been aggressive and I am looking at it as a potential zigzag pattern.
Wave (A) & (B) look complete so now the question is how much lower can wave (C) go?
This zigzag outlook will be invalidated by a break above 11828.
Two things played out since my last coverage:
1-the market topped out not too long after the analysis.
2-we got a clear MACD divergence between wave (3) & (5).
The correction hasn't been aggressive and I am looking at it as a potential zigzag pattern.
Wave (A) & (B) look complete so now the question is how much lower can wave (C) go?
This zigzag outlook will be invalidated by a break above 11828.
