The chart speaks for it self so this will be brief.
Since price formed a double bottom on the 200SMA it is safe to assume the potential for a triple top W formation pattern. I have mapped out a Supply Zone where price can Potentially Reverse (PRZone).
The Supply Zone ranges between 180.90 and 179.85. Here I believe lay the short orders of the big boys. If this zone is breached then this analysis is incorrect!
Since price formed a double bottom on the 200SMA it is safe to assume the potential for a triple top W formation pattern. I have mapped out a Supply Zone where price can Potentially Reverse (PRZone).
The Supply Zone ranges between 180.90 and 179.85. Here I believe lay the short orders of the big boys. If this zone is breached then this analysis is incorrect!
