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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.
