Thursday, March 26, 2015

[PBR] crunch time

In the backlink I modeled that 3 up were likely in the bag and that 4th wave HT was playing out to lead to 5 up.  But now that I have more data I would say the recent peak to $6.17 was not 5 up, only 3.  So it could still be a-b-c at this point.  The only way to play this is on the sidelines until a higher high than blue 4 emerge OR we see 5 more waved down as shown for form the real 5.  I don't know how it will turn out here but we will know soon.

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