applying the Elliott Wave theory - JSE charts at: jsecharts.blogspot.co.za/ - click image to enlarge
Saturday, 30 September 2017
This count can be a corollary of my take for the DAX and thereby lends both some tentative support.
Annotated here is the a-b-c mid-wave correction of the Primary 3 wave which concluded early 2016.
Within its following form is an extended Intermediate 3rd wave of greater price action than the 1st.
This opens the door for the recently commenced Intermediate 5th wave to adopt its own dimensioning. This will be followed by the Primary 4th which typically targets the preceeding lower order 4th. The extensions will cause this target to be a small percentage retrace.