FTSE STI ended at 3,428.95 on 11th Feb 2022, at this level, it has triggered a rule violation in one of the scenario thereby invalidating it.
Magenta -- STI Positive
The optimistic should be cheering now given how STI has performance since the start of the year. The upward movement for the past days breaking above 3,400 reinforced the wave count that STI is doing Minor wave (iii) of Intermediate wave ((v)) of Primary wave 1. Might be topped or a bit more to go before Minor wave (iv) kicks in. Minor wave (iv) is allowed to break below 3,274 overlapping into Minor wave (i) without leading to rule violation as it is part of a leading diagonal pattern. However, for this to be considered valid, Minor wave (iv) is not allowed to fall below 3,041.29, the tip...