$JSEJBL - Jubilee: Impulse Invalidated, Falling Wedge Contracts
See link below for previous analysis.
Jubilee has continued to trade lower and having breached 128, i am tentatively abandoning the five wave count as wave (4) has penetrated the price territory of wave (1) violating one of the golden rules of an impulse.
The bear market from 426 is forming a falling wedge which is bullish but price can still go lower.
I will remain bearish until we get a clear breakout from the falling wedge, preferably on higher than average volume.
Jubilee has continued to trade lower and having breached 128, i am tentatively abandoning the five wave count as wave (4) has penetrated the price territory of wave (1) violating one of the golden rules of an impulse.
The bear market from 426 is forming a falling wedge which is bullish but price can still go lower.
I will remain bearish until we get a clear breakout from the falling wedge, preferably on higher than average volume.
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