[$COMPX] trading update

The wave count is slightly modified.  The current bounce is most likely a 2nd wave to finish within a matter of a couple minutes, likely stopping at around the level of the prior 4th (blue 4) as shown in the model below.

First confirmation that wave 3 is upon us will be the breakdown below both of the blue rails of the wedge.  Second confirmation will be a break below wave 1 of C o2 two which is at the level of the horizontal red line.  Third confirmation will be a break below blue b and then final confirmation is a break below black [1].

The break below blue b should be sufficient reason to buy into UVXY if you are not already holding.