Continued from STI Analysis -- the next peak and trough ? (IX)
The following chart shows the current correction wave count
There was a wave 1-2-3-4-5 structure for the wave ((Y)) after the rebound today. As such, the possibility that wave ((Y)) has completed, that is current correction based on wave count has ended yesterday. Another interesting fact about the wave ((Y)) is the length ratio of wave 1 : wave 3 : wave 5 turns out to be 1 : 1.618x (about there) : 1, a very textbook case for the 5 waves structure. Though through the wave counts STI has almost run out of combination for this correction, there is still another possibility that is wave ((Y)) can form wave A-B-C structure with yesterday drop as A, today rebound forming the B and a final drop to form the C. The last drop ......
