U.S. Global Jets ETF

JETS potential for retest of lows made earlier in March

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We did not have a clear B wave structure on our way down during Feb, and currently we have a leading diagonal for the bounce off those lows. We could get another move to the downside for the wave 2 pullback, or potentially, this was just a B wave, and price turns lower to retest the March lows. Either way, poses a decent opportunity for recovery after the correction during and after 2021.

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Copyright Rohan Karunaratne 2020

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