Continued from STI Analysis -- the next peak and trough ? (101)
FTSE STI ended at 3,428.95 on 11th Feb 2022, at this level, it has triggered a rule violation in one of the scenario thereby invalidating it.
Magenta -- STI Positive
The optimistic should be cheering now given how STI has performance since the start of the year. The upward movement for the past days breaking above 3,400 reinforced the wave count that STI is doing Minor wave (iii) of Intermediate wave ((v)) of Primary wave 1. Might be topped or a bit more to go before Minor wave (iv) kicks in. Minor wave (iv) is allowed to break below 3,274 overlapping into Minor wave (i) without leading to rule violation as it is part of a leading diagonal pattern. However, for this to be considered valid, Minor wave (iv) is not allowed to fall below 3,041.29, the tip of Minor wave (ii). Just have to see next 2 weeks how STI will be faring. The calculated upside for this Primary wave 1 according to what is being generated by the Fibonacci Calculator is 3,550.44
Note also in this wave count, there are some questionables. Intermediate wave ((iii)) is only 129.4% of wave ((i)) which only has a 15% chance of occurrence. This is on top of all those doubts labeled in red in the above chart. Thus, there is chance that the above wave count might not be the correct one despite so far it looks on the surface it is the correct one.
Green -- STI Negative / Red -- STI Negative / Orange -- STI Negative
As mentioned earlier, there is a rule violation in one of the wave count and that is the Red -- STI Negative scenario. STI breaking above 3,380 indicating Primary wave 4 has exceeded the top of Primary wave 2 and thus invalidating it. However, the other 2, Green -- STI Negative and Orange -- STI Negative still remain valid. The Orange -- STI Negative wave count could become invalidate should STI move above 3,641.65, the high in 2018. As for the Green -- STI Negative scenario, there is much more leeways for STI to move vertically and horizontally (time duration) before an invalid can be placed on it.
With the invalidation of the Red -- STI Negative case, the STI overall wave count, including both the positive and negative scenario is summarized as below
Tiger Brokers Singapore Invitation Code
Singapore Covid-19
主将无能垮三军
左士缺策只砸钱
右士辱人自被辱
左象无计只会泣
右象理人理出祸
左马略识色不分
右马讲据终慢拍
小卒仗权乱闹事
大敌当前夸本领
火烧眉头方才悟
城门紧闭称闭窗
高傲自大多借口
知错不认真懦夫
领导者最佳战友
为何小红点缺乏
是否无勇气拥有
是否缺远见拥有
是否不知怎拥有
还是不想去拥有
