Studying the Dow Jones extensively over the years has been enlightening, but unraveling the patterns within the ASX has always presented a unique challenge. Despite their differences, I believe the outcome from this juncture will remarkably mirror each other, signifying an imminent peak. Witnessing charts with distinct patterns eventually converge in their own distinctive way is truly captivating. I consider this observation crucial, offering an alternative perspective on the impending significant decline within a larger Wave E, typically preceding substantial bull markets. While the exact depth of this decline remains uncertain, I'm putting forth this idea to gauge its proximity to the actual outcome. The convergence of Dow Jones and the ASX, both hinting at an impending downturn, is likely to trigger more stimulus, potentially fueling inflation and higher rates in the future. More significantly, it should act as the catalyst for the next crypto bull market.
Great to see some Aussie analysis. Thank you for sharing with the community.