karasinga wrote:mkate_nusu wrote:karasinga wrote:mkate_nusu wrote:@karasinga please post any developments on KQ chart.
thanks
Hello Mkate_nusu
KQ is at a strategic place("on the run way") on the chart indicating sky is the limit.
Technical reasons.
1. Price in the Golden zone
2. Price has just reacted on a very strong demand zone.(check my chart)
3. Presence of a hidden divergence- denoting continuation on the prior rally
4. Very little volume during the correction.
5. Low of 4.6 might have achieved wave 2.
The list goes on and on. Enough of this... let us look at the chart
expectationIf this is wave 2 then
Wave 3 = either 1.62 x length of Wave 1
(10.4)or 2.62 x length of Wave 1
(14.8)or 4.25 x length of Wave 1
(22)The most common multiples are 1.62 and 2.62. However, if the 3rd Wave is an extended wave, then 2.62 and 4.25 ratios are more common.
Hope this is helpful.
best wishes.
DISCLAIMER
This analysis is designed to inform you on the counter's direction. It is not a recommendation to buy or sell but rather a guideline to interpret the market. The information presented should only be used by investors who are aware of the risk inherent in trading. I shall have no liability for any investment decision based on the use of this analysis Price has started respecting your chart

Let's watch out for the 10.4 target going forward
let us see how market dance. I won't be surprised if I see KQ spike from weekly demand zone. If that does not happen we enjoy the flight. One of the fundamental truth about trading is, "Anything can happen".
best wishes
for our beloved friends who can't see the plane but can hear the sound, all is not lost. DO NOT RUN AFTER THE MARKET. Technically, we might come down to pick anyone willing to go with us. When? I don't know.
What I know is that the following has happened.
1. bearish momentum trend line broken.
2. demand zone created between 4.95-4.75. (this can be the lowest KQ might come to)
3. price currently
within a thick "kumo"/cloud. Turbulence is expected. They say it is better to fly over or below the clouds. Do I sound like a pilot. ... he he he. just kidding
In the meantime enjoy the ride (if in this flight)
best wishes
It's not over until I winskype id: karasinga. email:
kkarasinga@gmail.com