If crude oil can move higher in the next few weeks from its current level, then the wave c of (iv) will be able to last until end of 2017.
But if crude oil price fails to rebound and continues to move lower in the next few weeks, the moment it moves below US$43.00, it is confirmed that February high is the wave (iv) and March's candlestick is the first candlestick for wave (v) of C. Crude oil WTI is likely to go below US$25.00 a barrel.
Dow (20,596)
Very likely Dow is forming the sub-wave iv of its wave (v).
FBMKLCI (1,745)
KLCI forming mini wave 8.
EG Industries Bhd (Rm 0.91)
EG Forming its major wave 5.
Short-term it is forming the mini wave 2 of sub-wave v.
Gadang Holdings Bhd (Rm 1.27)
Gadang is forming its wave (v) of 3.
Current correction is the sub-wave viii of wave (v).
Inari Amertron Bhd (Rm 2.02)
Inari is on course to complete its wave (iii).
1st possibility - Last Thursday's surge and Friday's pullback is the minor wave i-ii of mini wave 5. Too bullish.
2nd possibility - Sub-wave i has ended.
3rd possibility - Wave (iii) has ended. It will move side way for a few weeks to complete its wave (iv).
Insas Bhd (Rm 0.905)
Insas is forming the major wave 3 of its mega wave (5).
A bullish scenario - The current correction is the mini wave 2 of its sub-wave iii.
A less bullish scenario - It has completed its sub-wave iii and is forming its sub-wave iv.
