The structure although shorter in length has the same negative bias prior to the decline seen in August time last year.
Main difference is the time taken to create the structure is much shorter and therefore should not lead to as large a decline as we saw last August initially.
My stop is at the all time highs we saw recently. Target is gap fill circa 16,500
same pattern applies to SPX500 .
Any thoughts always welcome even if you disagree.
Thanks for looking