The IF is still printing.
Wave (C) of the macro corrective sequence is completing an ending expanding diagonal — each sub-wave larger than the last, structure expanding as momentum exhausts. Wave C of the diagonal has one more push remaining before the sequence terminates.
IF the diagonal completes into the $2,380 terminal zone —
THEN price returns to the $2,060 POC.
That level is not arbitrary. It is the highest-volume node on the entire 8H structure — the price the market has agreed on as fair value more than any other. It also sits inside the CAP
Framework OTE retracement zone for the full Wave (C) advance.
POC and OTE at the same level is not analysis. It is institutional memory and Fibonacci precision arriving at identical coordinates.
The CAP entry does not trigger at the POC.
It triggers when price sweeps below it, CVD shows absorption, and the CHoCH candle closes back above.
That is the gift.
Full size. Defined stop. Measured move extension targets above.
Invalidation: Clean 8H close below $1,980. The corrective thesis is off.
Until then — the plan is already written.
Now we wait for the market to deliver it.