Replies to post #136413 on Simple's Green Room

[pennies2007]

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...