2016 11 11
240 11am
Of note is red highlighted potential expanding wedge. It warns of another potential drop to the purple s/r zone and even a lower to the red pattern support. Watch for curreent purple channels to be broken, 34ma not to hold - warnings.
Otherwise, longer term still shows lift potential. We'd like to see the 34ma hold and lift past recent highs for confirmation of the next impulse up.
60min
Purple channel and s/r can be seen, breaking down through them warns of more down potential.
Like to see lifting up through purple channel, finding support from channel resistance, for a lift confirmation.
