See link below for previous analysis.
Netcare recently broke below 1130 invalidating the outlook I had that a bottom was in at that level.
There's a minor adjustment in the wave count with wave 4 of (C) a flat pattern and wave 5, starting from 1738cps, looks to be taking the shape of an ending diagonal.
As to how much lower wave 5 can go is anyone's guess but I will be bearish until i see signs of a reversal.
Netcare recently broke below 1130 invalidating the outlook I had that a bottom was in at that level.
There's a minor adjustment in the wave count with wave 4 of (C) a flat pattern and wave 5, starting from 1738cps, looks to be taking the shape of an ending diagonal.
As to how much lower wave 5 can go is anyone's guess but I will be bearish until i see signs of a reversal.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.