Continue from STI Analysis -- the next peak and trough ? (109)
FTSE STI ended the week 21st Oct 2022 at 2,969.95.  With that value, there is some notable development in the STI Positive scenario.
Magenta -- STI Positive
Firstly, have to put Intermediate ((b)) of Primary wave 2 at 3,297.59 as current couldn't be still in Intermediate ((b)) due to the fact STI has broken down below Intermediate ((a)).  As such, STI is now in Intermediate ((c)) of Primary wave 2.  The potential direction going forward with the anticipation a simple zigzag pattern could be seen is as shown with Intermediate ((c)) or Primary wave 2 ending around the 61.8% Fibonacci Retracement level at 2,684.  

Above is the Correction Calculator of the EW Calculator expected calculation of where Intermediate ((c)) could terminate.  The range of between 100% to 161.8% as...