$JSEARI - African Rainbow Minerals: The Short-Mid-Term Road Map
See link below for the long-term view.
Looking at price action from 14662:
The advance to 20300 is a leading diagonal for wave 1.
The correction to 15503 is a zig zag for wave 2.
The stock is now in the early stages of wave 3 which can only be a five wave impulse.
Waves {i to v} in green give the idealized road map for wave 3.
15503 is the secondary invalidation but 14662, as the primary invalidation level, is the level which will lead to the whole invalidation of this bullish outlook should price break below it.
Looking at price action from 14662:
The advance to 20300 is a leading diagonal for wave 1.
The correction to 15503 is a zig zag for wave 2.
The stock is now in the early stages of wave 3 which can only be a five wave impulse.
Waves {i to v} in green give the idealized road map for wave 3.
15503 is the secondary invalidation but 14662, as the primary invalidation level, is the level which will lead to the whole invalidation of this bullish outlook should price break below it.
