Previously, mentioned STI still stuck in both scenario of still in correction and doing post-correction uptrend by Elliott Wave count. However, new development surfaced for the past 1 week.
Still In Correction
This is the Elliott Wave count marked in Red in the above chart. However, due to the development of STI in the past 1 week rising above 3121.27, this has broken the pattern of the correction. That is the M1-M4 wave in IC wave is no longer valid. As such, the Elliott Wave count associated to it is considered invalid. So does that mean STI correction since May 2018 has ended at 2955.68 on 26th Oct 2018 ? In Elliott Wave count it is a YES since the correction pattern, the wave count is no longer valid. However, to ...
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