domed house update

The top chart is a daily chart of the Dow industrials going back to the beginning of 2012. The bottom chart is a schematic for George Lindsay's three peaks and a domed house pattern. The bar chart is labeled with blue numbers to correspond to the schematic.

I think that the top on October 18 completed the top of the domed house and was point 25 in the schematic. The upcoming point 26 low is likely to occur at the level where the drop from the October 5 top, point 23, matches the size of the April-June 2012 drop in the Dow. From that low a strong rally to point 27 should start. I expect point 27 to develop at roughly the level of the April 2012 top in the Dow. After the point 27 top is in place the Dow should resume its drop to standard target for this formation - the vicinity of the point 10 low.