OK.... If Ncad is making an ending diagonal
, then this wave should not extend past the .618 level. That box is equal length to wave 3 Whether leading or ending, I would still expect a correction, zone to zone possibly. The reason I am paying attention to it as an ending diagonal
pattern is because it has the 3 wave impulse look and because of the potential massive downside. I talked about this in the weekly outlook
video. This is going to take some time to unfold to see how it shakes out before I would be sold on the huge reversal. But it does seem like the weekly pattern is in correction downward.