Loading ...Finally!!!! Mr. Market has decided!!!
This should be the last drop. Note that we need price divergence with ULT. This drop will allow us to achieve this.
Dollar Gap Up this morning gave us a higher EWO Peak…. which tells us to expect higher prices… Wave (iv) completed at 25.19 and we are now on our way up to complete Wave (v) in 5 waves….
JDST Gap Up this morning just now achieved a higher EWO Peak…. We can call wave (iv) complete at 8.67 and now are on our way up in 5 waves to complete Wave (v)…
GAP UP Rules apply!!!!
I like the keep my eyes on the big picture, and although nothing takes a straight line I think we are long ways away from the “the last drop”. I suppose it’s all about trading time frames.
http://schrts.co/XfdJQK
GDXJ is still way closer to resistance than support. I always sell resistance and buy support.
http://schrts.co/eeoPOI
For trading JDST I will watch for buy signals on NUGT and JNUG… especially watch and wait for turn in SlowSTO(5)… Once I get the trigger line crosses on my indicators, I will take my profits on JDST… We know from the Gap that we have a 3-Push Up pattern forming (provided the Gap doesn’t get filled)… The problem is that the 3rd Push Up may fall short… so I take my profits on the Pt ‘3’, buy back, with a close eye to exit…. Once we complete the pattern which should also complete the EW 5 waves up, I want to be cash or go long… the ABC down will last a few days and may turn into 5 waves which would signal a trend change….
Thank you Mark and Trektrader! Muchas Gracias!