DJI-12M-Jun162021-Normal-SemiBearish.

Two major special points emerges: blue intersection and yellow intersection. The blue intersection is more dominant given that tracing peaks to the origins in the past, according to the current system, always indicated a bear. The yellow intersection is yielded from tracing interesting points like a main peak and another trough, and it also produce a special point which seems to indicate the prevailing trend line as well as the base of the white spiral which indicates clearly that the current peak is special. I<n that case, it is difficult to reconcile both intersection points. The blue one occurs next year and lies on a major Fib retracement, so it should produce the larger resistance. Yet, if the bull continues as is, the yellow intersection would be a red herring, which is not probable. If the prices fall a little for this year and then goes up to the blue intersection, the yellow intersection would still not be special as no red was produced. Perhaps, it wouldn't matter as long as an inverse hammer is produced. Alternatively, if red is to be produced, the price would need to fall around 25K, but then rise again next year to the blue intersection with a yet another even more incredible rally, to fall back towards the trend line along the retracement in successive bears.