Simple's Green Room

[pennies2007]

Absolutely. If we take the entire first swing off the bottom on NU instead of just that initial bounce, we now have a clearer picture that shows the price simply retraced back to the primary box top. The TDI initial breakouts were the other clue...when the TDI begins a departure from a given pattern, it's only a matter of time before price catches up with it.

Plus, the bounce level was the 50% fib of the entire move up from the lows.

NU 30 Minute chart with new boxes drawn in...