This may or may not help you.
The 1st chart shows that IMI trends roughly in 130 (calendar day) cycles If it only did this twice you would say a coincidence.3times is a pattern, 4th time worth a serious look for signs of bottoming around there
This chart shows signs of bottoming
A closer look in the 60 min chart shows a 5 wave decline within the 2nd leg of a larger 3 wave structure on the daily
I believe 2.2 was the ultimate bottom and am now monitoring the bottoming process with A Fibonnaci grid
chart pattern summary
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