NEXUS (NXS) Analysis: Cast your BULLISH LADDERS!

Here is NEXUS with nice placement of prior 1,2,3,4,5 waves and now working to finish the requisite abc (red) three wave correction. What happens after an abc correction? That's right, a surge up! So, one take home to learn from all my blogs is to identify the abc corrective patterns so as to discern for a price turn. Then work to learn how to count out the rest of the EW waves. It's the first thing I do when I look at a chart....I look for the abc pattern.

So, when to know if the abc correction is done? Is there a magic wand or a crystal ball? Nonesense! The next chart explains.

Here is a shorter term 7 day chart. The long downard sloped price pattern is the abc correction NXS is currently working on. Notice the top and bottom trend lines. Now see the dotted green circle area. Prices broke out of this! That's an indication that the abc is about done! So, a second take home from my blogs is draw trend lines and try and discern patterns and breakouts.

I wish you all MASSIVE profits!

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