Technically leg down likely is completed as tiny [i] taken out to the upside but lower range could be retested before close.
Watch 3844.50 for a potential reaction..
Update: 10:12am EST: 3 waves down to 3787.50 zone from 3851.75- may not be done yet.
10:33am: There's our old friend (small one here) 'C-D' rapid wave again- Could be in a tiny wave [iv] up from 3785 low zone
If pattern estimates are accurate, the new structure that is now printing fits the outlook. Minimum estimate- starts at target ES 4040 ZONE after completion down. Expectation would fit if we get another weekly negative breadth print prior to the short-ish terminating top signal at 'E' / 'e5' when it prints.
Followers of this blog will have seen this type of structure many times already particularly where the wave 'C-D' is the fastest and most dramatic move in the build up to an 'E' top.
If 'ai' zone gets taken out to the downside. then this projection will require reviewing.
See Critical Long-Term Review Here
The bots will flag here when they see a top. (1/25/20, 2/20/20, 4/9/20)
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