It is a sad title, how true overdue correction is now a reality. We have peaked already back in October 2018 with the run we saw into end 2018 and early 2019 being part of an irregular flat. A pattern that kept me on the edge, as we are clearly out of energy but market was still rising. Until pattern was confirmed as a three wave structure setting the “b” label in. Should be looking at this scenario, as depicted in the graph. The good news if such pattern, it might be a quick kill in a “c” wave, followed by a rebound by end 2020/early 2021.
