The circles are based upon the July 7-October 4 decline.
Light Blue: Cycle Harmonic
Dark Blue: Time Harmonic
Pink: 1/2 Cycle Harmonic
Green: 1/2 Price Harmonic
Orange: 1/2 Time Harmonic
- Note where the various harmonics intersect the horizontal line from the October 4th low there are changes of trend. There is a change of trend due in this time frame since it is harmonic with the 1/2 Cycle Harmonic. (pink circle--yellow highlight)
- The angular light blue angle moving to the right is 90 degrees from the July-October trend. A break of this level which is approximately @ 1220 would signal a resumption of the down trend.
- The circles seem to contain prices as well--except for over-shots at the trend change intersections.