Still Pessimistic
The STI continues to melt up. There is no sign of any price impulse activity. So the prognosis remains pessimistic. The current Wave abc (brown) structure could be a 3-3-5 flat, with Subwave a having 3 minor subwaves, Subwave b having 3 minor subwaves, and when Subwave c forms, it will go down deeply with 5 minor subwaves – an impulse wave going downwards. Keeping my fingers crossed …