Straits Times Index (STI): Important Update

hey traders,

instead of breaking above 3280 structure resistance the market has respected it
and, moreover, set a lower high.

after a lower high formation, the market has dropped below a support line of a flag pattern.
the breakout is considered to be confirmed and our bias switches from bullish to bearish.

from the current perspective, I will expect bearish continuation to 3120 / 3050 / 2980 levels.

protect your profits based on these levels.

good luck!