JD , we could be in for a trend reversal. Here's what I see for JD on W1.
Looks like it has completed a textbook 5 waves move to the downside and bottomed out slightly below the 67% fib (liquidity grab). Wave 3 had the highest volume and the EW oscillator had the highest hump at wave 3, so bascially we have already bottomed or are very very close to a bottom. The move from wave 4 down to wave 5 has created a nice "b" type volume profile with tons of volume imbalances.
Meanwhile MACD is curling up , so let's see if we can get a third touch of the trendline.
My first TP would be at around $50 and second TP at around $68 - $80.