Continued from STI Analysis -- the next peak and trough ? (29) While looking at the wave count of the 3 local banks (refer here), discovered STI chart looks very similar to the 3 local banks.  That raise the possibility that the STI wave count leading to present correction might be incorrect.  That is instead STI Primary Wave 1 to peak in January 2018, it behaves like the 3 local banks that peaked in May 2018.  This is possible if taken into account of the Intermediate Wave 3 extension (similar to the 3 local banks) for the Primary Wave 1.  Below is the chart to illustrate that The Intermediate Wave 3, S3C3P1I3 is extended in which the sub-level Minor degree is seen clearly defined (S3C3P1I3M1 - S3C3P1I3M5).  Applying the Fibonacci ratio, the followings are recorded :- S3C3P1I2 = 59.95% S3C3P1I1 S3C3P1I3 = 207.78% ......