Hello

Today is November 24th - it has been 589 days since the high on April 14th of 2021.

A potential extracting diagonal is currently in progress, this diagonal can be leading or ending, structurally there is no difference between the two.

I pointed out 2 scenarios in the previous days :

• post on Wednesday : the diagonal is ending (c wave of a zigzag) an will provide an important low
• post on Monday : the diagonal is leading and will provide the a wave of the next zigzag, it will be followed by a bounce and then more downside for wave (c)

First we have to see if the diagonal forms as anticipated, if so an ugly fifth wave lower can start in the next couple of hours. A break above "2" invalidates the structure. IF the diagonal is of the ending type, it should be retraced in less time then it took to form - that is something that could help us to determine the type of diagonal we are dealing with, but first the diagonal must form in every detail... We'll know more soon.

Ok, that's all for now. All eyes on the price!

Chat soon.