Likely a triple three from the ATH, seen in INDU and SPX (Chart 1 and 2).
If the decline extends in both price and time, can be interpreted as a leading diagonal.
A low is insight, either as the end of the potential triple three or as the end of [a]-down of Z-down.
If the market decides to conclude a triple three, the current leg may be tracked as an odd-looking diagonal (Chart 3).
Chart 4 show how the present price structure can fit into the big picture.
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