Good evening,

Quick update just to let you know that things are playing out like expected, and that is nice. So far so good for the count. In my last update a 2nd wave was in progress, meanwhile I think we have printed a 3rd & 4th wave as follows :

There is nice alternation between wave 2 & 4, I think wave 4 has concluded but could still correct a bit more, needs to be monitored. As for degree, I had to place wave (ii) of iii where it is otherwise wave (iii) of iii would have been bigger then all of wave 1 of higher degree, and that is NOT allowed.  A simple rule, but not many wave counters take this in consideration. So if wave 4 has indeed concluded we still have to expect a higher high for wave 5, and that wave will complete an impulse from the lows, that impulse will most likely be the (A) leg of an upward zigzag, we are inside a diagonal after all and a zigzag should be expected. My experience with fifth waves is that they can be strong & sharp, but when completed there is going to be a bigger correction for (B), a (C) wave will then hopefully complete the structure. Well that is the plan, price action will have to confirm this idea in the next couple of days & weeks.

As for the big picture, as stated above I have us in the fifth and final wave of a diagonal that started early 2023, it's in April that I detected the potential of the diagonal and warned for a choppy affair, it certainly has been the case :

That is all for now, thanks for checking.

Yours,