Wednesday, October 28, 2015
[USLV] update
We are at a very critical juncture here in the USLV count. It has either just topped out and will now likely head to a lower low per Avi's large wave 2 bottoming count OR it will move up another 5 waves here more in line with EWI's B wave call. From the backlink we have the model below.
Below is the current snapshot with a slightly different count than above but with the same general theme which is that we need one more wave down to finish red 5, blue 5 and then Avi's supercycle degree 2nd waves.
Today the wave put in a unicorn horn which came right up to the top parallel. With what we have so far, I think the odds are high that that we either see a move to the bottom rail or to center of the channel before reversing upward and breaking out.
At the same time, if this rapidly moves to a higher high than the one shown for today then I'm going to have to start thinking that the break out is more than a retracement which is bound to head lower.
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2 comments:
any thoughts on JNUG here after yesterday? thanks!
Model morphed a bit but overarching theme is intact.
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