Monday, December 28, 2015

[USO] update

Model from backlink is below.



While we did get a bounce in the indicated range, the bottom that was put in looks suspiciously W3-ish thus opening us up to the modified count below.



While my primary is red above, Avi appears to favor the blue.  So both of us are counting this as 4 of C of 5 of a large falling wedge.  I zoomed in on his difficult to read chart and added my interpretation of his expected  path but it seems to be essentially blue from above (which is my alternate count):

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