Naspers (New York) closed at 51.38. This is an upward breakout attempt of the pennant.
Assuming (iv) is at 50.14 then (iv) = (ii)
Next up = minuette wave (v) to complete minute wave [iii]
Wave 3 is often 1.618 of the the same order wave 1.
If [iii] = 1.618 [i] then [iii] = 55.97; then if wave [iv] = [ii] then [iv] = 52.03
Wave [ii] was complex and long so wave [iv] expected to be simple (sharp, zigzag) and relatively short. See "alternation".
Similar considerations apply for the higher order Minor waves 3 and 4.
Wave 5 most often = wave 1 of the same order.
The progression of Intermediate wave (1) has the tentative double-top target of 62.65 on 1st August.
Like all of the charts that I post, this pattern analysis employs the standard version of the Elliott Wave Theory and is intended only to demonstrate my own momentary view within my own application of that theory.
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