is completing a bearish bat
pattern near a strong support and resistance
zone. We also have the neckline from a head and shoulders
pattern striking through the S/R area for added resistance above the PRZ. SL is placed above 1.13XA with targets at .618CD and the unhit monthly pivot
for November, 2015.
Confluence in the PRZ:
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- Bearish bat pattern completion
- Head and shoulders neckline
- S/R zone
- 2.5BC projection
- Unhit November, 2015 pivot