This is an early warning so prices could still decline further if the patterns extend, check other
indications of an ending trend as well.
Overall trend is Extension 3, this pattern has been defined as a trend pattern in which wave 3 is extended. it is the most probable trend pattern to occur, very often wave 1 is equal to wave 5 in time and prices when a 3rd wave is extend,
the current wave state is end of wave 4(WXY,), normally the minimum retrace of the 4th wave is 23% and mostly is 38.2%, but this retracement is less than that, if this is really such a small 4th wave retrace, get ready for an acceleration.
Action : Look for support level or optimum level to buy
Stop lost " 2 candle close below Rm 2.10
TP : 1st RM 2.43, 2nd Tp is RM 2.56 and 3rd Tp is RM2.65
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