Simple's Green Room

[pennies2007]

Yep, the 5 wave TDI count set up nicely this morning right at that 0.7130 area where I shorted it. That was the FE 100 mark based on placing the FE tool at the 3 points between the start of Wave 3 and then end of Wave 4, like we usually do. Also, there was price action hesitation at the FE 61.8 level so that told me the TDI count was very likely correct. It's probably headed back to the FE 61.8 near term but there's still room for another high before it does.

All I had to do was count 5 waves up on the TDI from the lows...the rest was easy.

NU hourly chart...