NCM
I still think this makes a new yearly low, although the latest decline is ugly, but if it breaches the yearly lows we should setup for a reversal, as if it a [b] wave of a running triangle, then it should at least see a bounce for wave [c] of a running triangle idea.
It could also just stop before the yearly lows and still be a [b] wave of normal triangle.
Even the worse case scenario is that its in wave 5 of [3], so new yearly lows still suggest a setup to reverse.
Hopefully we see fear and disgust from the bulls, although i trade the US gold index (HUI) but it does have a very similar look to NCM and HUI itself dont look finished, but as this is not a US stock, so we should trade what we see.
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NCMI still think this makes a new yearly low, although the...
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