Saturday, July 25, 2020

STI Analysis -- the next peak and trough ? (73)

Continued from STI Analysis -- the next peak and trough ? (72)

STI-N


The ongoing wave count as shown in above seemingly to be invalid as the Minor wave (c) portion of the Intermediate wave ((c)) failed to execute a zigzag pattern.  As such, another wave count scenario appears


The new wave count as shown in the above figure gives Primary wave 4 a double-three structure with a zigzag - triangle combination.  STI is now in the Intermediate wave ((y)) of the double-three.  The ((y)) wave is a triangle pattern with pivot (a) and (b) already happened.  Ongoing is the pivot (c) wave.  The most commonly sighted pattern of this pivot wave is a zigzag or multiple zigzag.  Pivot (c) or Minor (c) is trying to do a zigzag or multiple zigzag (quite common in the pivot c part).  After Minor (c), there will be a down Minor (d) wave follows by an up Minor (e) wave to complete the Intermediate ((y)) and hence Primary 4.  As triangle pattern is renounced for stretching sideway with limited vertical movement, prepare for STI doing sideway movement for probably 1 to 2 months.  Intermediate wave ((x)) is a triangle itself and it took 27 days to complete.  So far, Intermediate ((y)) has entered the 37th day and probably half of the triangle has formed.  Thus, the time frame of another 1 to 2 months to completion is very possible.

Another possibility is Primary wave 4 itself is doing a triangle pattern with Minor (a) and (b) formed and now is the ongoing Minor (c).  This scenario shall be reserved when the double-three wave count as above becomes invalid.

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