Continued from STI Analysis — the next peak and trough ? (66)
As mentioned in previous analysis STI could either be in Intermediate wave ((iv)) of Primary wave 3 or Primary wave 4 of the Cycle wave (C) of SuperCycle wave ((2)). Based on the time frame and movement, the Intermediate wave ((iv)) case could be ruled out already. This will leave STI with now being in Primary wave 4 wave count as shown below.
Elliott wave analysis might be simple as wave count is always 1-2-3-4-5-A-B-C and the cycle repeats. However, it is not especially coming to the corrective phase part (wave 2, 4, A, B, C) as there are multiple possible patterns or combination of patterns that could quality for those wave. STI in Primary wave 4 is probably one of those complex pattern. So far, the Intermediate wave ((a)) of the Primary wave 4 has completed.