Black Monday - Example of a Funky Hyperwave - Dow Jones 1987

Black Monday - Example of a Funky Hyperwave - Dow Jones 1987
One of the rare examples of a funky hyperwave where a previous phase line supports price and the Hyperwave structure becomes something else... what most important is the asset or in this case the index survives. The usual fate of a Hyperwave Phase 4 break in almost every case is a return to the Phase 1 line where it all began... after phases 5/6/7/. We all know that did not happen and the Dow Jones continued. Another example of these types of funky Hyperwaves was previously posted - See the Nasdaq Dot Com, fractal HW post.