$JSETRU - Truworths: Is The Bottom In?

Truworths has played out as forecasted previously, link below.

The move from 6990 to 4682 satisfies a five wave impulse to complete wave C.
The move from 4682 has been strong and has broken above wave ((iv)), adding further conviction to the idea that a bottom is in at 4682.

As we know, markets do not move in a straight line so buy the dips above 4682.
Wave Analysis

Related publications

Disclaimer