


jamesonix
Looks to me that this may be the start of the correction to (b) for a few days. I think it just might rise to $35 to $37 then continue the downtrend to point (c). I hope this is what it does. Good time for me long then back short, but use your own charting techniques. These are mine. Good luck.
I wonder if after what may be a completed motive cycle the retracing is beginning . This chart may be closer to a correct labeling of the past waves. Don't trade based on my musings. Use your own real techniques.
It appears the first and second waves of the correction are complete. Now maybe we can get the big one down to about $2.993 or thereabouts. This may be the final C wave of the correction.
If NG1! really is in this B wave of a correction, it may be possible that is will decline to 0.618 on the FibRetracement in the next two weeks or so. It can be a profitable drop if it does. This is not a suggestion, only an idea. Use your own strategy.