Tripled down on [JNUG] today in the low 20s.

I increased my JNUG position to 300% of a normal position today but in order to mitigate risk I set stops very tight @ 19.95.  I risk very little but stand to gain a lot if my wave count is correct here.  The wave into mid may was a leading diagonal in this mode.  Now we have gotten a boomerang style a-b-c to the level of the prior 4th which also happens to be the 50 fib.  If this is correct then the next wave up should be 3 or C and that means it should leave no doubt that it is motive instead of doing all this chop.

Time will tell but I do like the inclining double bottom where one of the lows is a vee and the other a rounded bottom.