17 January 2020

Still Pessimistic

The STI continues to melt up. There is no sign of any price impulse activity. So the prognosis remains pessimistic. The current Wave abc (brown) structure could be a 3-3-5 flat, with Subwave a having 3 minor subwaves, Subwave b having 3 minor subwaves, and when Subwave c forms, it will go down deeply with 5 minor subwaves – an impulse wave going downwards. Keeping my fingers crossed …

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