Based on this DOW theory, the 5th or the final wave of the impulse wave could be steeper in the larger time frame. This is because a lot of novice people would have been attracted by the market by its attractive past ROI . When the market grows, it will attract many more. If it corrects 10%, it will attract more. Many want to buy at low, who doesn't. I came to the market as a novice in 2007 ;-)
So as per the prediction, the market will crash after reaching the 18K range. So naturally, we will have a question. When it will reach there? The attached chart has a trend channel and also the marking for 18000 and the minimum and maximum expectation dates.
The range should not be taken as an accurate prediction. In the market, anything can go wrong. We will try to predict as closely as possible. Instead of 18000, it may fall from 17500 itself. Or it may run a few 100 pts over 18000. Similarly the expected time of falling also less unpredictable.
This is just a guideline to safeguard our capital.