cbud
Long

FTR correction showing signs of a termination

NASDAQ:FTR   FRONTIER COMMUNICATIONS CORP
14 0 1
The 2016 decline is clearly corrective in nature thusfar as it stays above the lows.
So I anticipate the potential for a strong Bull move.

No break of the descending trendline yet, but a potential impulse c wave at the end of a WXY pattern is showing.
Some divergence in Comp Index and a nice strong Bull milestone candle.

Market hasn't proven itself yet by breaking the sharp descending blue trendlines yet, but I'd say a move and close over 4.50 would be a Bullish event.
Maybe wait for a first pullback for a Long and Dividend farming opportunity into Jan-Feb 2017.
Truth is what happens in the real world; not necessarily words from a book.
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