Continued from STI Analysis -- the next peak and trough ? (25)
By Elliott Wave count, STI correction which started in end January 2018 finally ended on 18th Sep 2018. The lowest point for STI was 3102.73 happened on 12th Sep 2018. The last Elliott Wave count for this correction does not necessary translate to lowest point as in Elliott Wave there is the case of truncation. In this correction the last wave count was a truncation of the 5-wave impulse resulting in the end point not lower than the peak of the wave 3 of the 5-wave impulse.
The above chart is the final labeling of the wave count for this almost 8 month long correction. The case of whether this correction pattern is an Expanded Flat or Double-three of Flat-zigzag still remain unanswered as the wave counts fit both patterns. For the Expanded ......
