TAIWAN moves into wave iii of 3 and opens up to more upside!
The TAIWAN market index(TWSE) is spotted moving up in wave iii of wave 3 structure.
The last impulse in the index(wave i of wave 3) was seen during the months of Nov-dec and then came a subsequent correction of the same that retraced 38.2% of the rise.
Now that the corrective wave ii is done, the index has started the rise again in wave iii.
Wave iii of 3 can be projected moving towards the 19-19.1K zone.
Wave 3 itself however, could be projected going much higher into the 20.2K-20.5K zone.
The last impulse in the index(wave i of wave 3) was seen during the months of Nov-dec and then came a subsequent correction of the same that retraced 38.2% of the rise.
Now that the corrective wave ii is done, the index has started the rise again in wave iii.
Wave iii of 3 can be projected moving towards the 19-19.1K zone.
Wave 3 itself however, could be projected going much higher into the 20.2K-20.5K zone.