Intermediate Ending Diagonal
As we near the proposed timing from our last post (linked idea) for the end of month/early October for a continuation of the initial decline from all time highs, it would appear that the present structure that is forming is validating our timing view and chose to extend itself. Yesterdays post Fed meeting double whipsaw satisfied the minimum requirements for the diagonal, but it seemed far too fast for a complete fourth wave and with historical timing at least a week out we believe the structure still has some work to do before completion up at cyan 4/(2) and ultimately heading down to white 5 and grey C. We also have an article showing the emotional strain that is in the market based off our proprietary analysis. We hope you all have a great trading day and an even better weekend. Trade safe. :)
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