EOD: Diamond construction sloping trend line beckons and aligns with fib extension targets at ES 4371.5 / 4422.25 zones. Potential short term local '8-0-8' count tomorrow regarding a frequency count so could be getting close to a high printing at or just above the diamond construction trend line.
original post:
Probability that a new leg down may print soon better than 50% odds.
"World stocks recover on Ukraine talks, Fed hopes buoy U.S. yields" - sorry, we wish that were true but readers of this blog understand whipsaws do not define reliable structural patterns- wavelengths do and they are saying the market is well inside the end-game at a higher degree. Still lots of room for down moves and retraces up to keep everyone alert as is expected at larger degree tops.
If the potential leading diagonal down '1' thru '5' retraces 95% [ES June17 4316 zone], that would be important to note as it likely confirms another wave 1 down is in from 3/11/22. Regardless, a turn signal down soon has a total decline potential larger than the previous ones since 1/13/22.
Commentary: please, if you can, try to send anything to help those under attack right now. Thank you.
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
Our favorite go to site- McVerry Report
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