Here are my interpretation:
- It seems that IV) of V] of the supercicle, that started in 1932, is developing, that means we are in a bear market since 2018.
- I don't think we have finalized the corrective wave, beacuse it would finish in the area of the FOUR of minor grade (between 14000 and 6500).
- We have an ABC flat that started in January 2018 and finished past March 2020, that flat could be a W wave
- Right now, we are developing a zigzag X wave, it finished the A wave (impulsive), we are in the B wave (corrective) and it will begins the C wave (impulsive) that will finish the X zigzag.
- After that, we will develop a Y wave to new minimums (ideally, near 6500).