The data on tradingview for this Hyperwave is not all that great but you can find other charts that will confirm it for you. The Japanese Asset bubble was an incredibly large HW where at one point if memeory serves me correctly, all of the real estate in Tokyo was 'on paper' worth more than publicly traded company in the United States and the Emperors Palace alone was worth more than all of the real estate in Manhattan. Insane... but it happened... The correction was violent and immediate. The Phase 7 dropped all the way back to Phase 1 in 2002, 12 years after the bubble burst. The Japanese stock market was never the same after, just barely recovering half of its previous value recently.