Continued from STI Analysis -- the next peak and trough ? (72)
STI-N
The ongoing wave count as shown in above seemingly to be invalid as the Minor wave (c) portion of the Intermediate wave ((c)) failed to execute a zigzag pattern. As such, another wave count scenario appears
The new wave count as shown in the above figure gives Primary wave 4 a double-three structure with a zigzag - triangle combination. STI is now in the Intermediate wave ((y)) of the double-three. The ((y)) wave is a triangle pattern with pivot (a) and (b) already happened. Ongoing is the pivot (c) wave. The most commonly sighted pattern of this pivot wave is a zigzag or multiple zigzag. Pivot (c) or Minor (c) is trying to do a zigzag or multiple zigzag (quite common in the pivot c part). After Minor (c), there will be a down...
