short set-up in the making - from another angle

16SEP16 12:30 a. m. - On this chart the 161.60 extension from the beginning of the current move shows a price of
41.60. That is .20 lower than the higher range price target indicated in the description of
the previous chart.
Today's action saw the target (43.02) for the upper range, hit and exceeded, in early price
action. Note the price of the lower envelope on the accompanying chart of 43.68. That is
just .04 lower than the current low price of the day.