24 April 2020

Correction Continued

The STI decided to prolong the correction by continuing Minor Subwave ii (black) downwards this week. I expect that this has completed and we should see Minor Subwave iii (black) forming next week as shown in the chart. This wave count will be invalidated if Minor Subwave ii goes further down and drops below 2380.84, which is the level at which Minor Subwave i (black) started. It is a rule in the Elliott Wave Principle that a wave ii cannot drop below the start of wave i. We shall see.

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