31 July 2018

Updated Wave Count

The STI fell drastically today and invalidated my previous wave count, since what would have been Minor Subwave iv (orange) has plunged below the top of Minor Subwave i (orange), breaking an Elliott Wave Principle rule. The wave count has been updated as shown above.

An uptrend is still indicated. Subwave v (brown) should be forming upwards over the next few days.

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