I actually have a smaller with its PRZ where price is now, looking
for a move down. Should it carry through, this will help start the development
of the CD leg of this larger Monthly . The weekly chart will show a strong
reversal pattern (in the PRZ of the weekly ). Of course,
this will require follow through to confirm.
This monthly is not viable until at a minimum the B point is exceeded
on the downside. It does however, point to the potential of a nasty move down if
it does in fact reach the PRZ area.