- Cycle wave (C) is only 58% of Cycle wave (A), short of the minimum guideline of 61.8% when normally it would be 100% when STI hit 2,208.42 in March 2020.
- In the Intermediate wave ((i)), there was a zigzag pattern observed which should not be observed in an impulse wave of motive waves.
- In the Intermediate wave ((iii)), again there was a
Continued from STI Analysis -- the next peak and trough ? (95)
STI -- ((3)) or ((5)) (Postive Scenario)
STI has been relatively resistance and range bound since the last update in Jun 2021 moving within a 100 points range. Most would claim it is consolidating for a breakout. The breakout if it happens would be the positive scenario wave count. Hiowever, there are several doubts in this EW wave count that makes it questionable. Though there isn't any rule violations so can't invalidate this wave count yet.
The list of doubts are as followed and also noted in the above chart :-
