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.
Monday, August 3, 2015
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