My Prediction KLCI Will Drop to 1230-1250 points
Monthly Time Frame
My forecast for long term move on Monthly TF, our KLCI will continue downtrend to complete correction wave at around 1237 points as long as price didn't break previous extreme high at 1900. I forecast that Correction will be in triangle pattern and at the same time will complete sub wave 4 then will make a drop to fibo 0.382 at 1237 point to complete sub Wave 5 and wave C. If let say the price terminate at fibo 0.382 ( end of Cycle wave 4) then I can say a bullish ahead to start of Cycle Wave 5 I hope my prediction will go wrong and KLCI will be in uptrend very soon.
My forecast for long term move on Monthly TF, our KLCI will continue downtrend to complete correction wave at around 1237 points as long as price didn't break previous extreme high at 1900. I forecast that Correction will be in triangle pattern and at the same time will complete sub wave 4 then will make a drop to fibo 0.382 at 1237 point to complete sub Wave 5 and wave C. If let say the price terminate at fibo 0.382 ( end of Cycle wave 4) then I can say a bullish ahead to start of Cycle Wave 5 I hope my prediction will go wrong and KLCI will be in uptrend very soon.
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