Wednesday, October 28, 2015

[FXI] update

At the backlink I had already modeled FXI putting in the B wave peak.



Another way of looking at this count is per below.  Note the kiss of the 38.2 from below.  Breakdown is not a done deal yet.   This could still find support on the top rail and poke up higher.  But once the top rail goes the odds jump strongly that the next wave down is upon us and they jump even more dramatically that way once the lower rail goes down.

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