Simple's Green Room

[pennies2007]

Here's an hourly NU chart with projected low side targets. Ideally, it'll bottom around 0.7618 or so but the ABC targets are actually calling for lower bottoms starting around 0.7603. The bottom could fall anywhere in those areas depending on when the 4 hour TDI wraps up.

Normally, the last portion of the TDI pattern shows the most intense selling so it could drop further than we think. We'll just have to wait and see how this next wave down unfolds. Could be pretty linear with only small counter trend bounces in between.