But well here it is.
If you believe in , we have an almost perfect , with an eye (B) between 38-50% of the dotcom krach. The subprime krach felt to 91% (very close to 88.6%)
And the PRZ (potential reversal zone) is at 161.8%, which is 7619 points.
If you're willing to trade it, one could wait for the prices to go slightly above 7619, and wait for a sharp fall from this level. A short entry would be below 7000 ( breakout) with a stop loss above the all time high.
Target would be ... very low.
Note : the pattern is quite huge, prices could touch 7800 without invalidate it. As long as it falls below 7619 after this.