19 May 2023

Rebound?

The STI crashed through the 61.8% retracement level but appears to have rebounded yesterday. This happened before it reached the 78.6% retracement level. So there is a possibility that it may plunge again to reach the 78.6% level. I hope not. The STI should continue upwards strongly as it forms Subwave iii (red) next week.

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