Continued from STI Analysis -- the next peak and trough ? (35)
After 35 editions of analysis, STI still going nowhere in Elliott wave count as it can still be in corrective phase or post-correction impulsive phase. This is mainly due to the fact that neither of the scenario has been ruled out because of Elliott wave rules violation. Thus, when in doubts, backtrack to recount and start from basic again.
For this analysis, the 36th edition, backtrack to February 2016 when STI hit a bottom of 2528.44 and that according to past analysis was the SuperCycle Wave 3 Cycle Wave 2 (S3C2) after the bottom in 2009 caused by 2008 GFC. With that in mind, from 2016 till 2018 was the completion of SuperCycle Wave 3 Cycle Wave 3 Primary Wave 1 (S3C3P1). The time frame for Primary degree Elliott wave ranges from few months ......