Figure 3From: Early warning signals for stock market crashes: empirical and analytical insights utilizing nonlinear methodsThe Recurrence Networks in spiral layout based on the distance matrix of 56 return series of China’s stock markets in different time horizons. The phase transition can be indicated by the different colors of the vertices, which are displayed in time order. The vertices in red represent the “no recurrence” condition, the light blue vertices represent phase 1, and the dark blue vertices represent phase 2. Other conditions are marked by orange verticesBack to article page