Bottom?
This is a holiday shortened week, so I am writing my blog today. Today the STI tested the 50% retracement for a second time this week and it is possible that the bottom of Subwave iv (red) has been reached. Next week we should see the STI rising up, forming Subwave v (red).
It is rather unusual for a fourth wave to decline by so much. If the STI goes down much further next week, I shall have to review and perhaps revise the wave count. We shall see.