Here is the backlink. After Friday's action I have made the following miner mods to the blue model from that link and below is the updated model. If this plays out then wave 2/b would be a WC that both retraced to the 61.8% fib and filled the gap shown by the pink rectangle. It would be a very good place to stage a reversal and while nothing is guaranteed, this has become my primary model. Note: the chart below is obviously log scale even though I forgot to mark this on the chart itself.
Saturday, January 3, 2015
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