STI 2,908 again?
I don't know what to say, the STI keeps coming back to 2,908. I think the heaven is asking me to buy 4D......
Fig 1 STI Daily Chart
Lately I am having a little doubt about my earlier wave count, The main reason is because my wave 2 is a little too small and it is more like part of a minute wave. If this is so, then the 5 waves have already completed and the 4th wave is actually either a 2nd or B wave. The latest development would likely have to be a C wave. Presently, if base on my judgement, Either way, both c or 5th wave is a little short and probably there might still be some room on the upper floor.
Base on Fibonacci projection, the next level should be its 23% mark. STI is getting close. Resistance at 2,972(would this be another 4D number?). The RSI indicator while turning, has not yet provided a divergence against the STI. The next phase would likely be a correction resulting in a 4th wave of this c (or 5th wave).
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