Final 5th Wave In Progress ?

The decline from Aug 12th has traced a probable Intermediate four wave Elliott formation with the final fifth wave in progress as of Sep 19th. Completion of Intermediate wave IV on Sep 19th also marks the beginning of Minor wave 1; the Minor wave cycle as of Sep 30th ought to have completed formation of Minor wave 4. Continuation of Minor wave 4 may overlap the price action of Minor wave 1 thus invalidating the formation. An entrance into a short position with stop on close above the high on Sep 30th may serve as a low-risk trade towards completion of Minor wave 5 and Intermediate wave V; -possibly truncated creating a double-bottom formation or making a final new YTD low.