Continued from previous analysis, STI Analysis — the next peak and trough ? (V)

Firstly, I have to rule out the possibility of a flat and triangle correction in the previous analysis.  This means for this Minor degree Elliott Wave correction it will be a simple zigzag, a combination still possible with the first pattern of a zigzag and lastly a double zigzag pattern.  However, for the latter two, I can see low possibility of happening simply because the time frame would be over stretched for those to happen given that it is a Minor degree Elliott Wave.  Ruling out flat and triangle pattern is because I did not see a 3-wave down from the drop of 3611 in January to 3377 in February and if that drop is the just half of the wave W (flat) or wave A (triangle) then the time frame will be over …