As mentioned in STI Analysis -- the next peak and trough ? (XIII) about cautions on financial stocks, below is the chart Elliott Wave analysis on DBS. There have been quite a lot of analysis on DBS going around mostly positive citing moving up to $40 to $50.  Well that could be a possibility even with Elliott Wave analysis BUT before hitting that target, a correction in the form of Wave 4 has to sit in.  One can draw trend lines, look at money in-flow and out-flow to justify that but none of those are a closed-loop analysis tool like Elliott Wave.  You can see the ultimate target but can't see the process of getting there like Elliott Wave. The above chart show DBS price movement from 2009.  It is much cleaner that STI in term of wave count.  Clearly, Wave 1 ended in 2015 at ......