Hi, still continuing on my idea of the China-accelerated correction, now looking for patterns.
Comparing the last two cycles, i found a lot of similarities, it would even suggest that this second cycle (ending) went a level higher, which would further explain why we might not go a level lower (last down leg).
Did some predictions for the fun.
Hello, this is my first idea, i've been into trading gradually for about 6 months now so bear with me, but have a strong backgound in maths, physics and computer science.
Look at that beautiful symmetry and harmony of the log chart, don't be to picky about my choice of lines, it still works imho.
I've drawn a few remarquable lines that seem to fit quite perfectly...