Naspers, New York, NPSNY

The [A]-[B] leg is not impulsive. The correction is of Cycle degree. The typical target is the 4th wave ending of one order less = Primary wave [4]. This target is also indicated by the equal legs abc projection.

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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.

Naspers, NPSNY

This hourly chart of Naspers, New York displays a momentum fade and sell signal. The gaps can bring sideways action before the resumption of the bear trend. I will be following the RSI behaviour.

JSE, NPN, Naspers

This hourly chart pattern analysis for JSE, Naspers finds that Intermediate wave (1) has just completed.  

Naspers, New York

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.