NEBL Wave 4 Correction Complete

Jan 11, 2018

By counting the subwaves, we see that NEBL has not completed the 5 intermediate waves (blue) within primary wave 3 (pink). Also, NEBL just completed an ABC correction that took the shape of a descending triangle. NEBL is ready to break out. In the case that the breakout fails and forms a WXY correction, we set a conservative and aggressive target.

Jan 11, 2018

Note

Ignore the first time it hits the stop. If it bounces and then hits the stop, then just stop out.

Jan 12, 2018

Note

Great time to look for a reentry if you got stopped out

Jan 12, 2018

Note

It's forming a falling wedge and usually the prices come exploding out of it.