Correction finally here? Fibonacci retraces

Have the equity markets finally reached a short term peak?

Look at weekly charts

FTSE

showing previous corrections related to Fibonacci retracements

So if a correction has started for worldwide indices can probably expect FTSE to find a low either at 38.2 % retrace 6125 or 61.8 %  5955 (approx)

now adding on some trend lines

DOW weekly