STI Analysis -- the next peak and trough ? (74)

Continued from STI Analysis -- the next peak and trough (73)

STI-N
Thing starting to get a bit tricky in analyzing the wave count.  Firstly, the present wave count that STI is doing a double-three (zigzag-triangle) structure for Primary wave 4 entered an invalid situation.

As shown in the figure above, STI broke below wave (b) of the triangle in doing wave (c) making the triangle pattern invalid.  Thus, what is the wave count for STI now ?  There are 2 possibilities going forward.

Primary Wave 5 Ongoing

Primary wave 4 ended at 2839.39 on 9th Jun 2020 as indicates from the figure above.  Ongoing downtrend is the Primary wave 5 that is the last of the whole SuperCycle correction since 2015.  The Primary wave 5 should be a 5-wave down (impulse or diagonal) in the Intermediate degree.  Temporary, going to put Intermediate wave ((i)) at 2572.23, Intermediate wave ((ii)) at 2707.67 and the ongoing is Intermediate wave ((iii)).  Then again, the low of 2478.39 on 3rd Aug 2020 could actually be Intermediate wave ((i)).  Whichever is the correct one at this moment couldn't be conclusive.

Above is the Fibonacci Calculator generated for Primary wave 5 on a 5-wave movement for the 2 scenarios.  The left is for ongoing Intermediate wave ((iii)) and the right is for completed Intermediate wave ((i)).  Ignoring the diagonal pattern case, the ending value being generated for each of the scenario is 2193.986 and 2032.15 respectively.  Both these values are way below the 2208.42 on 23rd Mar 2020 indicating both scenarios are valid.  How STI going to move next 2 weeks should determine which of the scenario should be the correct one.  However, for this Primary wave 5 possibility, the big question mark as indicated in the above figure is the Intermediate wave ((c)) of Primary wave 4.  The duration is too short, 7 days for a typical Intermediate degree.

Primary Wave 4 Ongoing

This possibility is the same as the present wave count but the different is in the sub-level wave count.

Primary wave 4 still doing a double-three structure but the difference is Intermediate wave ((w)) itself is another double-three structure in the Minor degree as shown in the figure.  The ending point of Intermediate wave ((w)) is at 2839.39 on 9th Jun 2020 and the duration is 52 days, a very reasonable time frame for Intermediate degree.  A plus point is the Minor wave (c) which is only 7 days looks more acceptable.  The pull back from 2839.39 till 2478.39 on 3rd Aug 2020 which lasted 37 days is the Intermediate wave ((x)).  The rebound from there could be the start of Intermediate wave ((y)), the last part of Primary wave 4.

The above is generated from the Correction Calculator for Intermediate wave ((x)).  STI 2478.39 is only 85.8% for the wave C to wave A Fibonacci ratio.  A bit short of the typical 100% to 161.8%.  Thus, the rebound for the past 4 days might be still the Intermediate wave ((x)).  Just have to wait for next 2 weeks to determine the conclusive point for Intermediate wave ((x)).  The duration of 37 days from 2839.39 to 2478.39 also being reasonable for the time frame of an Intermediate degree.

Be it STI is on the Primary wave 5 or still in Primary wave 4, there is still some serious downside to STI before the whole SuperCycle wave ((2)) ends.

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