chart- gap & 3-5 wave pattern

Hello NST holders..

Nice announcement today good to see Bill & co pumping out the announcements! Keeps interest in the NST IMO..

I posted earlier saying as chartists we look for or try to identify a new pattern forming as charts are forever changing and morphing into something new..

In NST's case it looks like a new pattern is forming or has formed somewhat to a degree. If my T/A is right this will be very bullish and should send sp price above $1.00 and beyond. Of course there is always external factors that could dictate or influence such a move..

Technical Analysis 3-5 wave formation- This is what a elliot wave theory is based on and wave pattern is this..
( I've marked with arrows & numbers on my chart)

1- Is the first bull wave

2- Sub wave down usually retraces about 50% to wave

3- minor wave up

4- minor wave down

5- Final wave up will be the biggest


Gap- Another poster asked me about gaps and how they work.. I said gaps play a very important role and understanding where they form in a chart/pattern is crucial..

Gap I have marked as one, I believe this gap is what is call a breakaway gap.. Theory is when you have a breakaway gap it will not be closed for a long period of time and 2 more gaps will follow the breakaway gap..

Conclusion- If we have a rally in POG and not too many distractions ( Europe again again) NST should be in for some nice moves holders..