When one trade, one must know the tide, wave and ripples. The red channel represents the long-term trend, this trend is still up at the moment but has not corrected to the lower part of the channel yet. The yellow lines is the mid-term channel, this channel has already been broken down. The short-term channel is the green lined, this show the short-term has broken up. One need to keep in mind one trading time frame. If one is long-term, one may consider buying on dips or wait for the STI to be closer to the lower channel. If I am mid-term, I remain cautious, it may face resistance. STI need to break above 3250 in order for mid-term to go up. Do subscribe for my blog to get the latest update on the market or join me in my seminar