Philippines

Many Asian market are reversing trend, Jakarta, Singapore, Malaysia, and below Philippines. This one has an expanded flat pattern in wave 2. The weekly chart shows A-B-C where B falls below the low of A and C goes above the high of A. In this B waves are usually 123.6-138.2% of A and C waves are 161.8% of A. The EW calculator sent out yesterday helps you calculate these numbers. Now the larger bear market is back and should see the index go to new lows in a 3rd wave bear market. Dow to 6300 or lower if wave 3 is extended.