There is an ending diagonal setup. The sharp sell off is expected to the starting of the diagonal. We kept our target at 38.2% of wave (3).
The ending diagonal started to form since October 2013 and it took almost a year to form. I may be wrong but a week's candlestick can not subdue the pattern of a year. It is true that the price can take any path but the observations of years of the masters says as I outlined above.