The backlink model is below.
The updated snapshot is below. Most likely is the red path so little change from the prior model except that this 1-2, 1-2 could gap up over the falling blue top rail below to kick off the start of the next big move up.
Failing a strong move up starting very, very soon (hours and days, not weeks), we could be seeing the secondary blue path. If we get 3 waves up into a a throwover of the top red rail which also kisses the underside of the blue top rail from below, that is a clear sell signal. But I still expect this to resolve into an inclining double bottom which quickly blows past blue 1.
Friday, October 2, 2015
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