Still Wishing
It is clear now that Little Wave e (black) has ended and the STI is climbing up. Today’s index bar compared to yesterday’s bar has a higher high and a higher low. This indicates that the STI is still in an uptrend, despite that it closed lower than yesterday. But of course, the negative aspect is that it closed at today’s intraday low of 3166.94.
I hope (wish) that the STI will continue to rise next week and go above the top of Subwave i (red) at 3194.19. If the rise is strong, we can have confidence that we are seeing the formation of Subwave iii (red).