The weak ratio moves that almost look like an Ending diagonal into the lows today imply a strong rally correction will follow (perhaps a .5 or .618 correction against the highs). The pattern at the lows I interpret as an Exp Flat into a .382 correction 4th wave. The .382 correction implies a 2.618 multiple expansion target for a wave 5 down. This still needs to set up as an impulse or Ending diagonal into wave c of 4 to be valid and has a way to rally still.
Truth is what happens in the real world; not necessarily words from a book.