12 November 2021

Correction

The STI went up further on Monday and Subwave v (red) ended on Tuesday, marking the end of Wave 5 (red). Fortunately the downtrend was reversed when the STI received support from the support zone marked by the light blue rectangle. However we are not yet out of the woods. A corrective wave consists of three subwaves. So next week we should see the third subwave forming downwards. Let us hope that the STI will again bounce up from the support zone.

 

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