South Africa Top forty is starting next leg to Bull Run
The South African top 40 index is the latest global index to have been spotted trying to begin a major up move in the next leg of the bull phase.
The Index was in a corrective structure all of 2023 until the very recent Nov low. This entire corrective structure according to the Elliot wave theory was what we simply call a "wave 2 correction".
The first leg of this phase (wave 1 according to Elliot wave model) occurred in Sep. 2022 and went on till Jan. 2023.
The next projected target for wave 3 for this index should be the 80-85K(ZAR) mark(an up move of approx. 25% from current levels.)
Note*- This post is for educational purpose only
The Index was in a corrective structure all of 2023 until the very recent Nov low. This entire corrective structure according to the Elliot wave theory was what we simply call a "wave 2 correction".
The first leg of this phase (wave 1 according to Elliot wave model) occurred in Sep. 2022 and went on till Jan. 2023.
The next projected target for wave 3 for this index should be the 80-85K(ZAR) mark(an up move of approx. 25% from current levels.)
Note*- This post is for educational purpose only
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.