Continued from STI Analysis -- the next peak and trough ? (106) FTSE STI closed at 3,181.34 on 22nd July 2022, up 3.55% since the low of 3,072.34 on 17th June 2022. Magenta -- STI Positive There is no change of wave count for this scenario, STI presently is in Primary wave 2 correction doing the Intermediate wave ((b)).  While Intermediate wave ((a)) took 11 weeks to complete, that can't be said for Intermediate wave ((b)).  A typical zigzag would roughly take about the same duration as Intermediate wave ((a)) to complete (6 more weeks to go).  However, wave B is notorious for extending and moving sideway with triangular pattern or even a double-three combination structure.  As such, it wouldn't be surprise should it take double the duration of Intermediate wave ((a)) to complete (17 weeks more to go).  This is also the wave that will catch investors as the general psychological thinking of STI has hit the bottom at 3,072.34....