applying the Elliott Wave theory - JSE charts at: jsecharts.blogspot.co.za/ - click image to enlarge
Monday, 10 July 2017
Swearing by Crude Oil
The weekly chooses not to display the divergence seen on the daily chart. I don't think this constitutes cause for any serious doubt about the commencement of wave. But wave (ii) needs to confirm that it has completed before full credence passes muster.