Taiwan

Here is a wave count that appears correct for Taiwan, but I was not sure it would deviate so much from many other markets. But i will come to why it may be true. In my last post I used the channel on an arithmetic scale to see the recent dip as wave 4 but that might not be true if the next chart is true.

The daily chart [and hourly], make the recent decline after the new low made yesterday look like a 5 wave decline. This means a trend reversal. The fall is wave A and the bounce now going on is wave B that can go up to 61.8% retracement near 16750. After that wave C can go back below the low of wave A. This market has moved away for some reason. Actually, Jakarta is another one that has just not picked up. Even as China and Japan are picking up again. Domestic issues mostly