A somewhat similar, but not exactly repeating pattern, has been developing in the Dow Jones Index.

Essentially we are looking at a topping pattern. This pattern involves three chart indicators as elements:

1. Starc Bands (red and green bands around DJIA levels (price);

2. Bollinger Bands (shaded area around DJIA levels (price);

3. Wave Trend Oscillator

The pattern is as follows:

1-A. A "final" trip of the Wave Trend Oscillator above the extreme level marked by the dashed red line;

1-B. This "final" trip of the Wave Trend Oscillator above the extreme level marked by the dashed red line is at (or near) the second to last crossing of the top of the Star Bands above the Bollinger Bands;

2-A. "final" trip of the Wave Trend Oscillator up before a steep decline to at or below the extreme level marked by the dashed green line;

2-B. This "final" trip of the Wave Trend Oscillator up before its steep decline marks the peak level (price) before the decline;

3-A. A "final" trip of the Wave Trend Oscillator above the "0" line before ultimately working its way to it's lowest point below the dashed green line;

3-B. This "final" trip of the Wave Trend Oscillator down below the extreme level marked by the dashed green line(s) will mark the lowest level (price) of the Dow. The extreme low of the oscillator can occur either before the lowest level or very near the lowest level

None of this is to say that the pattern will play out exactly in the way outlined here, but it does appear to be a probable outcome. At a minimum, this template provides a way to assess other views, indicators, prognostications, opinions, etc. and compare them to the template and then assess what you believe is the most likely outcome.