28 May 2021

Subwave iii

The STI has been rising daily this week. It looks like Subwave ii (red) has completed and Subwave iii (red) is forming. There was a gap up today which is a good sign, but the close was near the intraday low, which is not so good. In any case, my expectation is that the STI will continue to rise next week and will breach the blue horizontal line.

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