Continued from STI Analysis -- the next peak and trough ? (53)
Global markets trend higher after US-China claimed they are moving towards agreeing on phase 1 of the trade deal in November. Do note that this has not changed the damaged already done due to the trade war. Phase 1 probably just rewind the development back 1 step. For STI, nothing has changed in term of Elliott wave analysis, neither the STI-2 nor the STI-N has been invalidated.
STI-2
As shown above, current move up for STI is the SuperCycle wave 3, Cycle wave 3, Primary wave 1, Intermediate wave 3 for this scenario. By looking at the Elliott wave pattern thing looks "promising". The next figure above is what was being calculated by the Degree Calculator after the latest development. Again, no rules violation, the golden ratio 0.618:0.382 looks alright across all degrees also. However, examines closely, there are some doubts...