just-joe

just-joe

The market knows exactly how to stand on the cliff and look over the abyss!!! LOL! Everyone is leaning lower, so I'll take the contrarian view for now.

just-joe

Update: signals are getting stronger the correction is over.

just-joe

This would be a preferred count for me. The objective was to move price from one channel line(green) to the other, and it did that.

just-joe

Straight forward and simple. In order for the correction to be "deemed" finished, price needs to break out of the downward channel.

just-joe

I'd hate to be the one to shout, "the bottom is in!"....further confirmation is needed, but it looks good!

just-joe

Watching these drop are never comfortable, but look at it as a "formality"!

just-joe

This wave count is subject for change. Love it or hate it, it has to remain on the table as one of the options, since it's valid to the best of my knowledge. If you have a better count, I'd love to see it.

just-joe

Ultimately the market will decide if the correction is over, all we can do is be prepared.

just-joe

Cheers! So far, so good!

just-joe

This would be a primary for me. The only hesitation is, I am never quick to label a truncated 5th, but in this case, the wave 2 A,B,C has the right look!

just-joe

Price is grinding out a wave (2). Very clean 5 wave move to the top.

just-joe

This is my preferred count, and while I maintain a different version of a bearish count, I will hold this for now. We wait and see what the market offers.

just-joe

Fractals occur in the charts, and can be very reliable. To those of you, who may be trapped in NXT, I would hold your position, and give this fractal a chance to play, or you could unload for a loss. But remember, you only lose, if you sell.

just-joe

I have alternate ideas to this, but for now, this bearish outlook will not take me by surprise. Great buy opportunity if this plays!

just-joe

The path for PAYUSD

just-joe

Nested 1-2's are complete. Price is heading north!

just-joe

Waves 1 & 2 are expended to get through the neckline, with waves 3,4 & 5 to follow!