13 March 2020

Not Bottom

The STI punched through the 2528.44 support, with the momentum pushing it a little past the line. Is this the bottom? If my wave count is correct, it is not. You can see that the count has been slightly adjusted because Subwave iii (brown) is an extended wave, with five minor subwaves (shown in black) within the wave. If indeed Subwave iii (brown) has ended, there is still the Subwave iv (brown) which will go upwards, to be followed by Subwave v (brown) downwards, Subwave v (brown) is likely to end below the end of Subwave iii (brown). The nightmare is continuing!

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