At the backlink I provided the model below.
At the same scale as above, the current snapshot show the expected pullback has occurred.
Zooming in it is almost a toss up whether this just pulled back to get a running start at that upper rail or not but my bet is that yes, it did. A gap above that top rail would unleash the bulls as wave 3 of 3 up unfolds. If you are trading this with bigish money, the stops are pretty clear: if this can't hold 2.14 then it might be looking to fill that gap at $2.
Friday, October 16, 2015
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