There isn't any convincing confirmation that STI has ended the correction at 2955.68 or still have a final downside. With that, STI now still taking both possibilities -- correction ended or still in correction.
A very messy chart as trying to squeeze all views in it but will go through in detail.
1. STI still trap within the downtrend channel (light blue colored). It is only a breakout from it will give strong confirmation of correction is over (probably not in the sense of Elliott Wave analysis). The downside is STI could be go down to touch the lower boundary of the channel for the last time. That is why STI still having both possibilities.
2. The Red label is for the case of Elliott Wave count STI still have 1 more downside as ...
