has completed several bearish
patterns at a significant area of resistance. In addition to containment inside of an upward channel there is a strong trendline
beginning in April
, 2013 that may help contain price inside of the PRZ. There is also an unhit monthly pivot
below price to add to the bearish
divergent on the 4 hour chart as well. SL is placed above recent highs with targets at bullish
completion and the completion of a bullish bat
pattern on the weekly chart.
Confluence in the PRZ:
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