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1/ Start over. Mini chart study from dragon's den. ~10 charts to paint complete picture so give me a bit. Jan 23rd, in addition to a confident daily topping signal, I put this out-a very clean ABC-X-ABC pattern and mentioned these usually retrace in full in about 1/3 the time.
2/ In fact, it took about 3 days. Pretty good.
3/ From here, there is a series of nested ABC-X-ABC patterns which implies the next target is the next lower blue box cluster, somewhere around 3100. Still on the table but I have 2 paths.
4/ Both paths are 3 waves but this one says the B of the ABC down is still in progress. Here, Monday should be mild down open and find a low sometime during the day. Then up for ~3 days into Thursday.
5/ Time frame however can be important to perspective. Pulling out to 1 1/2 years shows MACD can go a LOT lower. This one says 3100 is coming fast and THEN we get a big bounce.
6/ I don't have a preference. Both lead us to same ~3100 target. Question is do we open mild and rally, than drop or do we plunge straight to 3100 and then rally. A lot will probably depend on overnight markets and reactions to China's market open.
7/ Despite their planned intervention (almost 200 billion liquidity and ban short selling) I still think they're going to drop substantially and efforts may simply be to prevent all out crash. Whole cities on lockdown means their economy is stalling.
8/ Speaking of China, this was my last set of predictions (Jan 13 and 26) and so far holding strong.
9/ Overall, I am still holding that ATH highs are in. Bear markets get crazy tho...big drops but big rallies too.
So it looks like we are forming a variation of this outline in 4/. No down and we possibly started C out of the box.
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