STI-2
STI ended at 3261.11 on 2nd Aug 2019 hitting an intra-day low of 3257.38, the lowest level since the gap up on 18th Jun 2019.  Most would probably say it is trying to cover the gap.  Unfortunately, for Elliott wave principle, there isn't any concept of gap covering.  For this scenario STI-2, STI is now doing Intermediate degree wave 2 (I2) correction after hitting the peak of 3415.18 on 29th Apr 2019 forming the end of Intermediate degree wave 1 (a leading diagonal instead of the usual impulse structure).  As mentioned in STI Analysis -- the next peak and trough ? (48), the low of 3104.03 on 3rd Jun 2019 followed by the rebound was the completion of Minor degree wave A and start of Minor degree wave B of the I2.  The high of 3386.65 on 24th Jul