Mulitple TimeFrame Analysis IBM Possible Swing Sell

• Monthly
  - a strong downtrend since April 2013
  -price has made and consistently respected the parallel channel
  -there was a huge move to the downside the previous 2 months, and price has rallied the month of april
  -current price is respecting the 50 fib level with 9 days left in the month (could possibly end up closing at the 38 fib level
  
  

Weekly
-the previous week ended in an indecision candle after a decent push to the upside (i'll take that as a bearish candle, signaling price exhaustion)
-im expecting price to fall to the demand zone and form a double bottom (i'll look to enter a buy there, MAYBE, we'll have to see)
- if a double bottom does form, half of an inverted head and shoulders pattern would be complete)



Daily
- a double top formed
- price barely closed above the previous day high with a long wick above showing some bearish pressure.