Market Crash?
I am writing this on Sunday 20 April. On Thursday I wrote that the STI is on an uptrend, forming Wave 3 (red) upwards. In the chart above is an alternative wave count showing the STI plunging into a very deep bear market. The wave structure is an Expanded Flat ABC, where Wave B rises above the beginning of Wave A and Wave C goes down deeply with five subwaves. Wave C has formed Subwave 1 (red) and Subwave 2 (red) may or may not have completed. In the following days we will see Subwaves 3, 4 and 5 to complete Wave C (blue). As in a typical motive wave, subwave 3 will be sharply down, subwave 4 will go sideways and subwave 5 will continue downwards.