JPM allows for on final high in P.3.

Since the fourth wave of a diagonal can drop deeper than in an impulse even overlapping wave one, and that technically a four of a diagonal does not invalidate until a break of the wave two low...

JPM can still attempt the purple v. It has one of the better shot at it. But this should certainly not be viewed as isolated market action. We expect more of this (though ideally taking longer and with more clear bounces) as the larger Primary 4s unflod.