I'm afraid that "there is a small probability of Black Monday" :eek: . Fractal Head and Shoulders patterns at the end of Wave 3]2) . Otherwise if other indices follow the lead of NASDAQ to confirm "W" patterns , this may be Wave III1]1)1 .
Due to the size of the last rebound, the false break should be labeled as Wave V]IV)C3]1)5.5. The rebound or Wave V]IV)C3]2) has retraced 50% of Wave V]IV)C3]1) and is at top of Wave V]IV)C2]a). There may be a set back as Wave 3]2)a or a crash as Wave 3]3) Black Monday . Note: Triple Head and Shoulders patterns Fractals.
If the third Head and Shoulders is confirmed , the fourth Head and Shoulders may be confirmed too :eek: .
$USD's Wave 4) near ends of Wave 3)2 and Wave 1). Next may be Wave 5) UP to 83.5 . Note reverse Head and Shoulders pattern.
Crude Oil's Wave V]IV)C3]4)c may end here at resistance trendline, or near $90 at end of Wave V]IV)C3]1). Next may be Wave V]IV)C3]5) DOWN to $66 or $62 . A rebound to $105 would be Wave V]IV)Cd] .
Gold's Wave IVc]4) near 50% retracement and end of Wave IV]a]. Next may be Wave IVc]5) DOWN to $1400 .
Silver's Wave IVc]4) near 38.2% retracement and end of Wave IVb]b). Next may be Wave IVc]5) DOWN to $23 :eek: . Note Head and Shoulders pattern.
It looks like AUD/USD Wave III1] doesn't want to end. Now at resistance trendline and end of Wave IIa]. Next may be Wave III2] DOWN to 1.01 or 0.99 . Note Head and Shoulders pattern.