Very nice graphics used to make your points. I just wanted to say that in the early 1980’s, system sellers were using fibonacci golden ratios to predict the exact time of a turning point. For example if it was 11 days between highs, you would multiply 11 times 1.68=18.48 days. So in 18 days the market would turn. If it was in a down trend in 18 days…buy. And if in a up trend in 18 days…sell. This was 30 years ago when I played with it for fun. I would measure time from highs to highs, lows to low, high to lows, and lows to highs. I would also use .68 as a multiplier. I ended up with a bunch a points in the future and if different measurements were giving me the same turning point day, it was a pretty good forecaster.