STI-2
STI hit an intra-day low of 3040.16 on 29th Aug 2019, breaking below the 3054 (Fibonacci retracement 78.6%) level.  Despite ending the week with a rebound to 3106.52, the probability remains high that the STI-2 wave count is going to be invalidated.  Conservatively, 90% of the time when a so-called wave 2 hit below 78.6% Fibonacci retracement it will go on to invalidate that wave count.  However, it is still not the time to fully rule out this scenario.  By the rule of Elliott wave principle, invalidate wave count occurs when any of the 3 rules is broken.  In this case, this scenario can only be mathematically impossible when STI continues the descend and falls below 2955.68.  For those who still believe in the bullishness going forward, pray hard STI will not breakdown at 2955.68.