10 April 2020

Going Up

The uptrend in the STI is continuing, although it appears to be slowing somewhat. I have shown the target end points for Subwave iii (brown) which are 2868.8 and 2951.9. The respective ratios are Fibonacci ratios of the expected lengths of Subwave iii over the length of Subwave i. Frequently the length of Subwave iii is 161.8% or 138.3% of the length of Subwave i.

Subwave iii may not go straight up to the target end point, but may be formed by the typical minor subwaves i, ii, iii, iv and v. We shall see.

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