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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