KLSE Index Ready to go 1966 ?

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Elliot wave is really need to spend time to study and most of the time many trader is confused and not able to do a good job and did a wrong wave counting... included me as well. as a trader and I am perfectly fine with the loss trade but I can't accept with the trade with the "gambling" mindset on it !!!  if you not clear about the direction or wave count... stay away from the market temporary. why I said so... ?  if you can't clearly define the trend and still unclear the market direction... but commit the contract without any plan ,,, to me is it is gambling rather than a real business...

Let go to the bottom line... KLSE index.. looking at the chart below and we can see the pattern is defined as a TREND in which wave 3 is extended, it is most probable trend as a now and very often wave 1 is equal to wave 5 in trend and time when 3rd wave is extended.

we can see the wave 2 seem to be ended with the WXY, but the wave Y seem to be have internal wave structure and I am anticipate it will retrace back to 1857 and will form another stroke down to 1820... it should see an bullish divergent ... I will commit a trade go long at 1820 after see an bullish candle stick form. the up wave target will be 1966... sound like crazy to commit a trade to go long !!!??? anyway I will give an weekly update about the KLSE Index...

The graph below could be second scenario, it will direct down to 1820 than go to 1966... anyway I am stay bullish on KLSE Index

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