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Saturday, February 20, 2016 11:13:55 AM
Hey Heavy, I had some quiet time today and was looking through some charts. I went back over that NU chart and realized that sharp pop had to be a Wave 4 retrace. Here's the correct count. It actually finished up a Wave 5 move along with a Wave 4 retrace on AU...sympathy type move since they usually track together.
So more downside potential does exist on NU but we need to get a fresh count moving in the other direction first to confirm.
NU 30 Minute Chart...
So more downside potential does exist on NU but we need to get a fresh count moving in the other direction first to confirm.
NU 30 Minute Chart...
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