Curious as to what code you "cracked." - I'm on the same page as you but, judging by the linear regression - there should be a gap & an inside day following the candle from Friday (regardless of candle color, but a reversal nonetheless). I ask mainly because the patterns I'm seeing w/ high correlation to the pattern we're at now - typically followed by a long black candle on 3rd if not 4th day from where we're at now.
@DerekD_, this is basically following the CN50USD chart. Go to Feb 5th to see where we are in the charts. China basically fast forward into the future ahead of us and the US market is delayed. I use that as an indicator with my lines. We are lagging 10-11 months behind China's stock market crash
@Corginomics, Ah, gotcha. I see exactly what you're talking about. Only difference though - we haven't bottomed yet. As in, we haven't been stuck @ the bottom of a range bound in price before making a new high. Definitely a similar pattern comparison - but I think before we see moderate upside from here, we still have a new low to make or there has to be some type of support that's deemed legitimate. Most corrections don't have the complacency to bounce back right in the midst of new lows - which makes me all the more skeptical of the moves we saw last week.