I can still see the model from the backlink playing out but a new possibility has emerged due to the wave action so far today. In short, the new possibility says that the AM peak was not 5 but rather W3. So if we get a drop into the afternoon as shown in red which finds support around the 38.2 fib of what is marked W3 below, I'll venture back in with appropriately placed stops.
Conversely, a break above $10.03 from here suggests that wave 5 up has begun.
Friday, September 18, 2015
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