Little has changed from the model in the
backlink. It likely means one more little face slap to JNUG holders who didn't stop out per plan today. Note that wave 5 of C will equal the length of 1 of C at my target
price of $4.60. This also happens to be the 70.7 which is a fine place
for a deep vee 2nd wave to pull back to.
Alternatively, a break of the upper blue rail tomorrow and a higher high than blue 4 will enter in the the range of blue 1 and that would confirm that the retracement is complete. It should clearly be done this week. Just be patient and let it come to you.
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