Quick update

Small waves 4/5 followed by bearish weekly reversal candle, the pattern has been completed right on schedule and now move lower has started.
This is week 17 so in the next 1-3 weeks, probably mid-August, we should see 20w cycle low and higher into September.

The next important lows/highs are 40w low November/December and 40w high February/March. When the market reverses it is gradually not with a crash - what I wan to say is between now and February/March 2026 expect series of lows and highs and after that the market will dive lower. For examples look at years January-August.2000, May-December.2007, August.2021-March.2022

For now assume that there is one more high and b-wave has started, but look for the exit.

Perfect waves and Fibo measurements.

Support area and MA200 should be the target