We have a possible bullish reaction in Cindicator (CND) over the last few days. The CND chart falls into the 'better bottom soon' candidate as it is now below the .786 retrace of its all time low to high. Ideally, that is that last fib level you'd want to see a wave 2. Although as long as above the all time low it is valid according to the writings of Elliott in the 1930's. We should complete a 'nano' 5 wave fractal soon, requiring a move over .02. And, if we do not break the recent low after that, I"ll be watching for the next degree to setup a rally to 15 cent region called out on my chart as (i).
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