14 September 2018

Bottom

On Wednesday 12 Sep the STI bottomed at 3102.73. Using the Elliott Wave Principle, the predicted bottom was 3103. As if by magic, the prediction was spot on. The STI is now on its way up, forming Subwave i of Wave 3 (red) with a breakaway gap.

I hope to see stronger upward momentum next week to confirm that it is truly a motive wave that is being formed.

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