17 November 2023

Uncertainty

The STI seemed to have completed Subwave ii, after receiving support at the 61.8% retracement level. However, it has since hesitated and could either go up or down next week. If it goes down it could still get support again at the 61.8% level. If it goes up, the dip yesterday could be the first minor subwave of Subwave iii. We have to maintain our patience.

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