The Market has three speeds: ebb and flow, Parabolic, and Catastrophic. All three speeds have different exits and somewhat different entries.

The catastrophic market kicks in with V outside the 8 EMO.
It ends in a cluster of profit taking (multiple hourly prints back to back).
You must go with the direction after every second counter fractal and with a print of a new V during a wave 3 of Wave 3.
A catastrophic market can get outside the pendulum without consolidation by 30 pips.

The next image shows the shift up from 2 to 3.

The image below shows the exit for the catastrophic market: the cluster of hourly professional block-size prints where they offloaded their longs.

This is Wave 4 that should make it to the E-9 daily and the lower Guard Rail (extra 50-60 pips from the E-9 band) before resuming with a Wave 5.

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(voice of Jon Anderson)

Lyrics

Never going to get supplied The supply chain has gone offline Never going to get the price For sale does not mean You’d get a deal It is not the inflation that’s gone down It is the rate of change With certainty there are only two things You can say: Life & buying power are going away [Chorus] Shorting bread Hoarding fat By the time I start losing weight You would already be dead Quoted what Matthew Broderick Of wall street had said Certainly, you can hope for a better pay Wishing upon a pie If only roast pigeons could fly A lumberjack starts pulling on a thread All out of OJ, in need of Cofee & Beans For the Lean Hog Gotta beef up the production of Soy Beans That’s his crude idea for a portfolio of Comodities It is not the inflation that’s gone down It is the rate of change