Continued from STI Analysis -- the next peak and trough ? (20)
Before begin, I decided to redefine Elliott Wave naming of wave count from now on. The new naming is to ensure as the analysis gets into more lower levels, it will not be lost at which Elliott Wave count it is be with reference to the top most level. Example of the naming is as followed :-
Primary wave 3 = P3
Primary wave 3, Intermediate wave 4 = P3I4
Primary wave 3, Intermediate wave 5, Minor wave 1 = P3I5M1
Primary wave 3, Intermediate wave 5, Minor wave 3, Minute wave 2 = P3I5M1M2
Primary wave 3, Intermediate wave 5, Minor wave 3, Minute wave 3, Minuette wave 4 = P3I5M3M3M4
Now the good news is STI since hitting the low of 3176 on 6th Jul 2018, is following the trajectory which I have penned out ...
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