applying the Elliott Wave theory - JSE charts at: jsecharts.blogspot.co.za/ - click image to enlarge
Sunday, 17 December 2017
This is Primary 1 in extension where Intermediate 3 is extending and pointing to 20960 for next most likely commence of wave 4.
The RSI typically peaks at the midpoint of wave 3. The divergence typical runs to the commence of wave 4.
Between 2 and x is a complete impulsive pattern. Accordingly, a full pattern is expected between y and 3.