In the backlink I provided the chart model below.
Looks like the model is working. The recent action is clearly 3rd wave or C wave in nature. We should know soon enough by how the falling blue resistance line is handled. If it cannot break out or if it puts in a DDT then this could just be a correction still. This could still fall back down and double bottom here. For now I'm looking for a pull back to .66 and then one more surge to finish green 1 below.
Wednesday, October 14, 2015
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