Current advance decline patterns on the weekly and daily chart are demonstrating a significant departure from each other. Differences within the same indicator on different time frames by this much will require resolving. The resolution will most likely involve a market price movement.
Since patterns within very large structures can and often do 'alternate' somewhat, there could be two moves similar to both tops in 2018- at purple [A] and half way to [B]. In that case, a pending first decline in the market may complete at white 'e' [lower right hand side on diagram]- which could be a similar leading diagonal down. The terminal move in the larger structure could then appear as a retrace of that leading diagonal as it completes. The current structure could morph into something else of course but this is the best we have for now based on expectations going forward [a large-ish pivot top and then a terminal top]. This would also 'fit' somewhat into a megaphone [expanding triangle] that's shown - purple labels A-B-C-D-E on the upper weekly chart with two higher market hits landing more or less in the 'E' area, [E' and E'' would be typical behavior].
If the above prognosis materializes, it could well be a few magnitudes more dramatic than those in 2018. Most definitely, it will not be a replica- only similar in it's intent to resolve divergences and corrective impulses in the market.
See how this fits in the short-term with the current market status referencing volatility derivative SVXY.
See Critical Long-Term UPDATED 4/12/2021 Review Here
The bots will flag here when they see a top. (1/25/20, 2/20/20, 4/9/20)
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