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Friday, February 19, 2016 12:21:23 PM
I would expect a retrace on NU heavy but I'm not so sure I'd want to hold a short on this one. It broke out of a previous bearish 5 wave count with a vengeance and made a sharp Wave 1 up and a Wave 2 bottom which exploded.
It does need to come back to the lows at some point to establish a base but it's working on a new Wave 3 up so longer term, it's gonna be bullish after some kind of retrace.
30 Minute Chart...
It does need to come back to the lows at some point to establish a base but it's working on a new Wave 3 up so longer term, it's gonna be bullish after some kind of retrace.
30 Minute Chart...
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