Saturday, March 12, 2016

[RUSL] update

From the backlink we have the model below.

Current snapshot and model update is below.  Red is primary as usual.  It looks like blue 4 will be a deeper pullback than expected but under no circumstances does this model allow for it to go below the peak of blue 1 at this point.

The blue path (with cyan numbers) means that blue 5 has already begun.  A higher high than red 5 (i.e. a few pennies at this point) means blue 5 is under way. 

Since this is a 4th wave, an HT is always possible but I don't think this looks like an HT will form here.  The angles aren't quite right.

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