How Many Degrees of the Same ED Pattern is DJI Completing Now?I found at least three different timeframes that sport the same basic fractal - all of which are completing nearly simultaneously.
Wonder why there are moments in the day when you feel like the market just collapsed for an instant, but then somehow survived?
It is because each of these patterns of varying degree needs to complete before we can essentially drop vertically lower to 13,000. Maybe even lower.
We are talking about completing at least three different patterns; two of which are immensely powerful at individual completion. I believe both of these completed Wave 3 simultaneously last February, hence the selloff. That's right, I said it - Covid has likely nothing to do with the selloff last year, insofar as it played the role of convenient "trigger."
I'll tell you what: if we see a similar selloff occur in the coming sessions or weeks and we have no tangible trigger, then instead of calling it an arbitrary "bubble burst" I'd ask that you'd at least consider the confluence of extremely powerful waves ending at once.
Oh yes - this is just the first three I found. I also recall the same ED pattern forming on the hourly, as well as the 5-minute. Soon, there will be no more timeframes to complete the fractal on and then it should be something akin to a nuclear explosion.
I wouldn't know though, I've never seen anything like this.
-TriggerPig
DJCFD:DJI
SPCFD:SPX
NASDAQ:NDX
RUSSELL:RUT
CBOE:DTX
