US 30 Trendline Test Rejection: Imminent Throwover

Compare/contrast to 11/12 June top and throwover. Bearish engulfing candle. Shooting stars. On intraday we saw hanging man twice, and shooting star in SPX 8/.21.

Expect imminent throwover to entry on wave C of ABC ZigZag correction pattern within days, after reaching all-time high on SPX 8/21, US 30 25888 at Fibo 0.786 from Jan 26 high. Target 23531.

Possibly one more rally attempt to trendline on 8/23, then swoon; or just start lower back down into Bear Flag channel now.

As always, this is not investment advice and all comments are only intended for education and amusement. Good luck!