Will this Diamond Bottom save us the violent capitulation wick?

Reviewing today´s market moves, it turned out there´s a slight chance we might finish wave 5 (?) with the help of a currently forming
reversal Diamond Bottom. We should keep an eye out. It could shoot us back up to where we came from yesterday and today and most importantly back above the weekly EMA200.
If this resolves bearish or in further sidemoves, I don´t really see what else could save us the freakshow coming.

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The answer is no, it got to target and been declined for a further up-move.