Food for thought……
Built this chart about 10 days ago, I am not a cycles guy and I do not profess to even have the charting skills that Surf has in his little finger but I thought I would post this anyway, feedback is appreciated, good or bad.
EDIT: Forgot to put on initially but have added count, went back to late 70’s and found the low, tried to guesstimate where the baseline would be on this chart, this is a “potential” Wolfe wave, back test on the support trend
Fibonacci butterfly? See whether it fits.
If this does play out, it may crash the global $USD debt mountain, in particular emerging economies.