The lower rail broke down today but not with the kind of conviction that I would expect from a 3rd wave so it is still possible that wave 1 is still forming then we close the recent gap with wave 2 and then take out the lower rail with wave 3. Until that lower rail breaks down with conviction there is still a chance that this HT will invalidate.
Monday, November 9, 2015
[PBR] breaks lower support but not with much conviction.
In the backlink my primary model was for a lower low as the 4th wave HT breaks down:
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The lower rail broke down today but not with the kind of conviction that I would expect from a 3rd wave so it is still possible that wave 1 is still forming then we close the recent gap with wave 2 and then take out the lower rail with wave 3. Until that lower rail breaks down with conviction there is still a chance that this HT will invalidate.
The lower rail broke down today but not with the kind of conviction that I would expect from a 3rd wave so it is still possible that wave 1 is still forming then we close the recent gap with wave 2 and then take out the lower rail with wave 3. Until that lower rail breaks down with conviction there is still a chance that this HT will invalidate.
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