I can't say the model is playing out exactly this time. For one thing, I had to move the rails a bit and renumber again. For another thing, DGAZ squeezed out a higher high which was unexpected. At the same time, DGAZ started higher and then had an intraday reversal downward which is oftentimes indicative of a stronger than normal change of trend.
Unless and until this falls back down into the falling wedge channel I have to say that the next move is up. I think CLF is leading in that direction. Buy the dip and uses stops.
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