Unfortunately for long term longs, what I thought was going to be a 2nd wave is now either likely 4 of 1 (not shown below) or blue B (now my top count). In other words, this is likely a retracement. Traders are going to love this if the top rail breaks out thus confirming the count. But I will be selling my JNUG, RUSL, and probably my oil services too if this happens because a 3 wave move to the level of the prior 4th in oil is not long term bullish. But short term? Hyper volatile players like CJES could more than double to $10 over the next 2-3 weeks on a count like this.
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