Correction Continues
Subwave 4 (black) continued with its corrective formation this past week and may not have finished. When it is complete, Subwave 5 will form, going upwards. On close inspection of the structure, there is a possibility that the current impulse wave may have completed with Subwave 4 (brown) and Subwave 5 (brown) as shown in the chart. Which of these two wave counts is correct should be revealed next week. Either way the STI is clearly still under pressure.