Since then we got the breakout and now what looks like a back test from above. If that falling blue line holds then I will count it as wave 2 down with a small 3rd wave likely to follow. 3rd or C that is.
Tuesday, August 11, 2015
[RUSL] update
In the backlink I proposed the model below indicating that a breakout could be the start of a much bigger rally. I indicated that a break out of the top rail would make the red model primary.
Since then we got the breakout and now what looks like a back test from above. If that falling blue line holds then I will count it as wave 2 down with a small 3rd wave likely to follow. 3rd or C that is.
Since then we got the breakout and now what looks like a back test from above. If that falling blue line holds then I will count it as wave 2 down with a small 3rd wave likely to follow. 3rd or C that is.
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