[JNUG] closes the gap

In the backlink I modeled that JNUG could do a deep vee 2nd wave retracement to close the gap.  Such a move would logically terminate around $27 but as today's model shows that was reached by only 3 of C and so we are now working on 5 of C that should finish wave 2.  The orange rectangle shows the portion of the gap that doesn't look like a gap simply because there is no hole in the chart but it is still part of the gap.  To fully close this gap the chart could just fill the hole or it could fill the gap down to 26.60.  Of course, the important thing is not the price level but rather the wave count.  Anything below 26.50 would probably stop me out to consider what I might be missing.  After all, if you are in a Vegas deal and you don't know who the Mark or Patsy is, it's you.

If this model is correct then it is worth taking a risk on because the next move up should be a 3rd of 3rd...