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Primary count: The corrective ABC wave is over and a new impulsive down wave may have begun. Currently in wave 3. There also has been a triangle breakdown albeit on low volume. 2760 is a crucial level. If STI retests above this price again before completing this impulse, it violates this count and alternate count gets in effect (see below).
Alternate count: As per this count, STI is still in its ABC corrective pattern with A ended at 2905 currently B is in progress after completion of which C wave up begins.
Just my personal view. Comments, corrections or questions welcome.
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