
Extended Subwave 3?
It appears that Subwave 5 might not have topped and instead the STI extended Subwave 3 by having formed Minor Subwaves i, ii, iii and iv and now forming Minor Subwave v. If the STI continues upwards next week beyond the top of Minor Subwave iii, then the wave count is confirmed. However if Minor Subwave v does not exceed the top of Minor Subwave iii, then the count will be invalidated and needs to be revised. It will mean that the STI has indeed topped and we are having a bear market rally. Keeping fingers crossed.