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Feb 8, 2019 8:19 AM

ABC approaching resistance, potential drop!  Short

Description

ABC is approaching our first resistance at 87.12 (horizontal pullback resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur to our first support at 81.08 (horizontal swing low support, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
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