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As per Elliott wave count, STI is in wave 2 if major wave 3 down. However, here is an alternate view.
Many index stocks and STI is showing an inverted Head & Shoulders pattern. There is no breakout yet. There has to be a high volume breakout above the neck line to confirm this view.
Gold double top also supports this view. But nothing is firmed until we see high volume breakouts.
Bullseye.
Thank you for the charts. Love them! Love SembMar chart the best!! :D
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