$JSESOL - Sasol: Bear Trend Still Intact, How Much Lower?
See link below for previous analysis.
Sasol has continued its strong selloff, going well below the support zone of my previous analysis.
Price action is giving better Elliott Wave context.
I am looking at the bear market from 43860 as a zigzag with the bounce from 13226 for wave (iv) of .
The zigzag is well contained in a falling channel and a clear break out off this channel will give conviction that the bear is over.
I will maintain a bearish stance until we get five waves down for wave and/or a break out off the channel.
Sasol has continued its strong selloff, going well below the support zone of my previous analysis.
Price action is giving better Elliott Wave context.
I am looking at the bear market from 43860 as a zigzag with the bounce from 13226 for wave (iv) of .
The zigzag is well contained in a falling channel and a clear break out off this channel will give conviction that the bear is over.
I will maintain a bearish stance until we get five waves down for wave and/or a break out off the channel.
