From the chart below, we can see that STI has reached near to the 61.8% retracement level... While STI could theoretically reach 2700 before retracing, I doubt so. Let's see how...
To me, wave b of ii could have completed. How about wave c of ii (upwards) soon to 2850?
Just a quick recap of my count: 2947 marks the start of wave i downwards of Intermediate A of Pri 2 correction. Wave ii correction is underway now, in which I expect it to end near 2850...
There's however a much more bullish alternative count, but I shall stick to my primary count and remain bearish at the moment.
Good luck trading!
Hi Momo,
ReplyDeleteMind sharing your bigger wave for STI .. ie starting from 1455 ?
Hi holy,
ReplyDeleteI haven't changed my views yet on the 5 waves up since March, with first wave extension, and now beginning the 3 waves down in Primary 2 wave.
Can post on picture form? Don't understand the nomenclature "( cheers
ReplyDeleteholy, needs a lot of time to do the picture leh... been rather busy recently... :(
ReplyDeleteI try over the weekend :)
Cool... Looking forward to yr big wave
ReplyDelete