Continued from STI Analysis -- the next peak and trough ? (56)
In this analysis, the focus will be solely on the STI-N scenario, going into the detail wave count down to the Intermediate degree level.
The above is the wave count from the peak of 2015 till today 5th Feb 2020. A recap for STI-N scenario, peak of 2015 was SuperCycle degree wave 1, ((1)) and what's followed is the SuperCycle degree wave 2, ((2)) corrective wave. Elliott corrective wave consists of more than 20 patterns and it more complicated in counting as compared to the impulsive wave. Hence, along the way, there should be couple of possibilities. The above is just one the possible wave count with so far look closely matching the present situation.
The SuperCycle degree wave 2, ((2)) unfolds into a double-three combination pattern, Cycle degree wave (W)-(X)-(Y). Wave (W) completed in 2016 at 2528.44 and wave (X)...