Continued from
STI Analysis -- the next peak and trough ? (48)With US markets kept scaling new high, STI might be biased towards the upside for the time being. However, the bigger still remain intact for both scenario STI-2 and STI-N.
STI-2
With reference to the Correction Calculator as shown previously, reproduced below.
As long as 3534.039 is not broken, STI still can be remained in the I2 corrective phase. The present upside momentum could be the wave B for the I2 corrective phase. It is only a breakout from 35334.039 then the I2 wave can be affirmed of completed. The wave count for this scenario is as followed.
What STI is in presently is the Cycle degree wave 3 (C3), Primary degree wave 1 (P1) and Intermediate degree wave 2 (I2). For this scenario, STI still have remaining of P1 (I3 - I5) to complete follows by P2 - P5...
