FBMKLCI - forming sub wave v

FBMKLCI (1,689)

KLCI gained about 18 points (+1%) in two days. It appeared to me that it has finally started its sub-wave v of its wave (iii).

If the magnitude of wave (iii) is the same as the magnitude for wave (i), very likely it will have 9 sub waves and is likely to end around 1,800 level.

From the 20-Year chart, I expect the major wave 5 to end by the second half of 2017.