$JSETRU - Truworths: Wave 4 Pullback; Buy The Dip
See link below for previous analysis.
Wave 3 has unfolded as a textbook five wave impulse. The correction from 10269 cps is for wave 4 and is still showing downside potential.
My initial price range target for wave 4 is between 9000-8400 cps.
The outlook is still bullish as wave 5 still needs to unfold.
A deep sell-off below 7800 will invalidate this outlook.
Wave 3 has unfolded as a textbook five wave impulse. The correction from 10269 cps is for wave 4 and is still showing downside potential.
My initial price range target for wave 4 is between 9000-8400 cps.
The outlook is still bullish as wave 5 still needs to unfold.
A deep sell-off below 7800 will invalidate this outlook.
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.