Some Hope
The wave pattern is still uncertain. The positive outlook is as labelled in the chart. This shows that Subwave ii (brown) has ended, and we expect, or hope, that next week, Subwave iii (brown) will form, rising upwards, presenting buying opportunities.
The negative outlook is that the STI will plunge to around 2800. Then the whole structure from 25 Nov 2020 (labelled Wave 1 (orange)) onwards would be Wave 2 (orange) in a flat formation. The silver lining will be that Wave 3 (orange) will start rising from 2800, also presenting buying opportunities.
However, there is a nightmarish outlook, with the STI plunging down towards 2400, but I would rather not talk about it further.