3. Every major drop has been forecast with a divergence in the . I know that is not always true but seems to have occurred in this chart. 4. In my own experience on many charts most often major drops on the weekly charts don't usually start with with > 75 let alone >85 (like everything else I'm sure there are exceptions).
I have not done a scientific study so take it for what it is. But my experience makes me favor the recent action is more likely a limited correction with more up action to come but of course cannot say how long before that starts. Take care. Have a great weekend.