Monday, August 3, 2015

[JNUG] update

In the backlink I was looking for an e wave throw under.  Below is the model from that post.



Current chart is below.  I'm on vacation in the Bahamas this week so I won't be posting as often as normal but I will be trading this pattern.  It should bottom in the 7.80-$8 range but could possibly go as low as $7.20 for an inclining double bottom.  So I am in for a 1/2 position at $8 and will wait to see what happens from here before committing the other half.  A break above the top rail says the B wave is complete and C is likely underway.



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