The green and cyan downward represent the highest (primary) peak sets. Yellow downward for the secondary high peaks. Orange downward indicates the low valleys in relation to the secondary yellow line peaks. Red downward indicate the lowest of lows in relation to the primary peak of green. The black downward arrows denote the length difference between the highest and lowest price points in a given section.
Where the horizontal and red lines intersect, that is where the hypothesized next valley of death will play out. The pink horizontal line marks where the third arrow difference hits the dark red valley and the intersecting horizontal and vertical red lines. I've drawn out the hypothetical pattern in purple using the coloured lines as guides from the indicators. Keep in mind this time line is an estimate where I think things will hit but it's likely to play out in a more narrow (faster) fashion sooner than expected.
I hope some of you find this was useful. It looks like Ethereum will be quite interesting this weekend into the next.
Also of note is that Ethereum has not been matching a good 1/10 to Bitcoin, but rather is trailing a bit lower. If we go by BTC as the lead indicator, then the green line has already been met and ETH was just late to the party and has to go home early.