Subwave ii Progressing
Subwave ii (red) is progressing, with high probability that it will drop further next week. The most frequent retracement of a second wave is 61.8% of the first wave. As shown in the chart this will bring the STI down to about 3172. But this is not guaranteed and we can hope that the negative sentiment will reverse soon enough and that Subwave iii (red) will start to form. Keeping my fingers crossed.