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Wednesday, February 24, 2016 12:16:37 AM
Getting close Kirby but NU isn't there quite yet. It could still drop to the FE 261.8 level easily.
We completed 5 waves down and it is setting up for a nice 5th wave pop. But 2 things need to happen...
1-The TDI needs to break above it's current bearish downtrend line.
2-We need to see a full 4 wave of 5 count in a new TDI channel. Currently, we only have an initial Wave 1 back up off the lows. When it drops again to make Wave 2 down, it will likely drive NU to new daily lows.
NU 30 Minute Chart...
We completed 5 waves down and it is setting up for a nice 5th wave pop. But 2 things need to happen...
1-The TDI needs to break above it's current bearish downtrend line.
2-We need to see a full 4 wave of 5 count in a new TDI channel. Currently, we only have an initial Wave 1 back up off the lows. When it drops again to make Wave 2 down, it will likely drive NU to new daily lows.
NU 30 Minute Chart...
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