TradingView
Loyiso_BlaqueSoros_Mpeta
Apr 5, 2024 1:00 PM

$JSEDSY - Discovery: At An Interesting Juncture 

DISCOVERY LTDJSE

Description

See link below for previous analysis.

Discovery has traced out the three wave decline I forecasted after the five wave advance from 10073 to 16042.
The decline is labelled as a zigzag with a triangle wave and wave [c] is now near the support trendline of the falling channel.

There is no evidence of a reversal yet.

For this bullish, bigger picture ABC outlook to remain valid, wave B must terminate above 10073.

I will remain neutral until price action gives signs of a reversal.
More