Continued from STI Analysis -- the next peak and trough ? (85)
STI-N
As mentioned in previous analysis the low of 2,873.77 on 1st Feb 2021 couldn't be end of Intermediate wave ((i)) of Primary wave 5.  STI hits an even lower low on 19th Feb 2021 at 2,869.3 thereby confirming STI still on Intermediate wave ((i)).  The rebound from 1st Feb 2021 was just the Minor (a) and (b) of the Intermediate wave ((i)).

So, is 2,869.3 the end of Intermediate wave ((i)) since STI rebounded from that intra-day low to close 2,880.64 ?  Unfortunately, no absolutely answer.  From the above Correction Calculator, STI 2,869.30 was just 63% (wave c of wave a).  It meets the minimum guideline of 61.8% but fall short of the typical 100% which is at 2,816.28.  It could even fall further to hit the 161.8% at 2,727.671.  Next,...