After a steep rally into 8685 (tested 2 times) and broke on 3rd time, PA stopped @8735 (tested 2 times that level again) and broke on the 3rd time. NU reached the high @8791 with no strength to break 88. According to previous analogy if a bullish continuation is predicted a ret. to 8735 (perhaps twice again) and break higher on 3rd test of 88.
The 3TT rule (3 Time TrendLine Touch) says: correction lower after touching 3 times trend line in bullish or bearish rally. In 90% of cases of a 3TT PA corrected significant lower. This should be no exception. Should, but not necessarily has to be.
The 3TT rule (3 Time TrendLine Touch) says: correction lower after touching 3 times trend line in bullish or bearish rally. In 90% of cases of a 3TT PA corrected significant lower. This should be no exception. Should, but not necessarily has to be.