Before any update, there is something that was missed out in the previous analysis on the case of STI possible ended the correction at 2955.68. This update will rectify that.
Firstly, on the case that Elliott Wave count for the correction has not ended -- the Red and the Grey as shown in the above chart, there isn't any different in wave count from the previous analysis. The rebound to 3121.27 on 2nd Nov 2018 is taken as M4 of the 5-wave diagonal of the 2nd 5 of the 5-3-5 zigzag pattern. This means failure to break above 3121.27 going forward will see STI coming down to complete the M5, the last wave count of the correction. The statistical destination is noted in the above chart.
Secondly, on the case that Elliott ...
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