The daily Philippines Stock Exchange chart (PSEI) courtesy of Trading View updates the action.
The PSEI has broken below the bottom of the presumed wave ( E ) of the multi-year Elliott wave – Horizontal Triangle at 6,537.52. This opens the door to the next support zone around 6,430 noted in the 03/04/23 blog “Philippines Stock Exchange – Five – Year Pattern”.
What happens to the PSEI could depend on the reaction of U.S stocks to the monthly U.S employment report due out at 8:30 AM – ET 03/10/23.
Four Dimension Trading 