This a visual representation rather than a trading strategy. I've been holding on to this theory since the formation of the 3rd wave and that is why I never expected the 18k to be the bottom with also other factors influencing this. Many say this theory doesn't hold up because It is no real trading strategy but in my opinion used with one can be very good for locating the bottom of this bear market. Useally the 3rd wave is the most violent one and the longest one which checks out in this case. The final 5th wave is in motion now and is seen as a final sell off (In case of a bear market) before a change in direction. I believe that the 5th wave will still be a slaugther bringing us to a range between 9k-12k rather than 14k-16k where we are in now. What do you guys think?