Monday, October 19, 2015

[PBR] update

Backlink.  The model provided below is essentially intact.  It says that we still have the 5th and final wave of 5 to trace out.


Current snapshot shows that there was an expanded flat 4th that formed.  I suspect that it means that downside below W3 will be less than shown above.  We might be in for a double bottom type move of some sort. But of course it can also go lower.  We'll just have to see how the waves play out.



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