Potential Bearish Crab on Powershares

2014年6月17日

Powershares is showing signs of potential bearish crab pattern. The PRZ is measured from A to X leg at the 1.618 extension level at price $96.23. Even though there is naked structure around $96.28 kill zone, There is confluence at $96.28 at the 3.618 & 1.618 extension level. This should act as resistance. If this plays out, we should see a good rejection which would lead to Powershares taking a nice pull back into X where there is previous structure support.



******************************************************************************
For inquires of education, live trading room, or prop trader funding email
epicdaytradinggmail.com

Skype: epicdaytrading

PH: [phone]
******************************************************************************