Juno setting up an ABC long
Not really sure what Juno does, but it looks beautiful on the 15 and 3 min charts IMO.
It will very likely fall hard on the 3 min chart as lower support line breaks by end of day today 10/24.
Which is in itself a short trade with a target at 28 with great Reward ratio.
This will eventually potentially set up a 15 min buy opportunity in an ABC pattern completion.
It was falling in 5's and rallying in overlapping 3's on the hourly chart.
Last week it rallied hard in a 5 wave impulse and looks to be falling in 3's.
So what I can say objectively is that the pattern of decline has changed to a pattern of Bullish rally on the 15 min timeframe.
I'm watching 27.98 for a reversal.
Target is somewhere over 30, but don't know proportions until the c wave low comes in.
It will very likely fall hard on the 3 min chart as lower support line breaks by end of day today 10/24.
Which is in itself a short trade with a target at 28 with great Reward ratio.
This will eventually potentially set up a 15 min buy opportunity in an ABC pattern completion.
It was falling in 5's and rallying in overlapping 3's on the hourly chart.
Last week it rallied hard in a 5 wave impulse and looks to be falling in 3's.
So what I can say objectively is that the pattern of decline has changed to a pattern of Bullish rally on the 15 min timeframe.
I'm watching 27.98 for a reversal.
Target is somewhere over 30, but don't know proportions until the c wave low comes in.
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