Impala hit an all time high in March 2022 at R309,19 and then shed 52,5% in a bear correction that looks to have bottomed at R146,80. What gives me confidence in a short-term bull run is the rally for wave (i) unfolded in five waves and the correction for wave (ii) unfolded in three waves and terminated above R146,80. The current rally from R153,55 already looks impulsive. A break below R146,80 invalidates this entire outlook.