Continued from STI Analysis -- the next peak and trough ? (77)
STI-N
Primary Wave 5 Ongoing
However, there is also another possibility which is being labeled in red. In this possibility STI is now in Intermediate wave ((iii)) instead. There is valid reason for this as in the blue possibility, Intermediate wave ((iii)) is too short, less than the length of Intermediate wave ((i)), something is rarely seen but not impossible.
So how to conclude whether the blue or the red possibility going forward ? For the blue label to be valid, the length of Intermediate wave ((v)) cannot be longer than Intermediate wave ((iii)) as there will be rule violation of wave 3 cannot be the shortest. The length of Intermediate wave ((iii)) is 259.67 and Intermediate wave ((v)) can either be equal or less than this length. This will give a stop value at 2310.52 for STI and anything lower than that the blue possibility will be invalid due to rule violation.
Now, what if STI is doing the red possibility and where will Primary wave 5 end ?