Diagonal Continues
The STI is proceeding upwards, conforming to the leading diagonal structure. The fifth wave up should have three subwaves and should end at or near the top line of the structure, which would be well over 3300. We need to wait patiently. Some investors may pick a few stocks to try to ride up Subwave 5, but should cash out when the STI nears the top line. Wave 2 (red) that follows the completion of Wave 1 is likely to retrace by 61.8% of the whole structure.