Subwave ii
Apologies for the missed blog last Friday. This is written in the morning of Monday 17 April.
It can be seen from the chart that today the STI dropped below the intraday low last Friday. It appears that Subwave ii (red) has not completed and there will be further correction this week. I hope that the correction will not be the typical 61.8% retracement of Subwave i. We have to sit tight for the correction to complete, after which Subwave iii will form with a strong uptrend.