848evo

848evo

PA has crashed down very hard in a very short period of time given the combination of a weaker dollar and stronger oil, but the RSI is extremely oversold and we need to see a correction in PA to re-balance the market. If PA moves above the swing high, I will get in for a retrace back up to re-test a broken resistance level and also where the 61.8% fib is.

848evo

PA has bounced nicely off the resistance level and is coming down to test the lower support level. If PA can break below this level, I can see a drop to the 272 extension.

848evo

PA is positioned to break down lower to re-test previous lows. If PA can break the 61.8 and lower support zone, then I could see a drop to the 272 extension to test previous lows.

848evo

PA is trying to push up, but I think this bull run is over, I'm expecting price to move up a little more to re-test a resistance level before falling back down.

848evo

PA looks like it's still trying to push up and we're seeing a flag pattern forming but price has risen so quickly and is overbought so I think price will push up once more to touch the 61.8% fib level and also completing the 3 swing pattern before falling back down to test a support level.

848evo

PA has rocketed up lastly after creating a bottom, but price is heavily overbought and needs a correction down, but given the high angle TL, I'm expecting PA to move up a slight bit more before rebounding between the larger 50% fib level and the swing 61.8% fib level.

848evo

PA has pushed down harder than expected, but with USOIL on the brink of dumping and PA having moved so far, I would be it'll drop a bit more, but then rebound off the 61.8 fib level for a move up.

848evo

PA has been bouncing in quite the daily range but with the recent strong down move, I think it's time for PA to break the range and keep moving down. I believe there will first be a retracement to about the 50% fib level where we have major resistance and the joining of the 200 SMA and 50 SMA. RSI is also oversold so we need a correction up first to be in balance...

848evo

Revised potential short trade posted earlier. PA is re-testing the broken support on the D1 and I have decided to move the entry price up.

848evo

PA has broken many levels of resistance on this rocket move up after breaking the H&S, but an RSI correction is needed so I'm expecting a retrace before another bounce to the upside. Expected areas of retrace are around .778 and .775.

848evo

PA has jumped up a bit more on US open but is entering an area of extremely hard resistance. I believe PA will drop down once more before being able to break through this key level.

848evo

PA is slowly moving up to re-test previous highs, but we are about to run into a lot of key resistance levels. I'm expecting a potential bounce at around the 50.15 level, but a much more likely bounce off the 50.85 level. Depending on the power of the bounce, I could see a potential drop down to near 47.45 to test prior lows.

848evo

PA has struggled in a wedge formation for quite some time but now has finally broken through to the downside resuming the overall downtrend from the D1 chart. I'm expecting a further push down to touch the 2.618 extension.

848evo

PA has moved up a long way in a very short time and is due for a retracement. I'm deeming the overall trend at the moment to be long. I'm expecing PA to drop down to around the 50% fib level and possibly touching the 50 SMA before bouncing back up to re-test highs and/or test the 200 SMA.

848evo

PA has had a rally and a partial H&S pattern to the upside, but I see buying pressure dying down and there will need to be a correction to the downside soon. I'm expecting price to hit around the 76.4/50% level before dropping back down.

848evo

PA is still in an overall downtrend and this sharp rise up is only due to the recent US news. If PA makes it to around the 61.8 level, I would be in short for a drop back down.

848evo

PA has dropped like a rock and will need to make a move up for a correction, I'm expecting this bounce to occur at the far 2.618 fib level.

848evo

PA has been pushed up significantly due to US news, I'm expecting a news retracement either at the 61.8 or 76.4 level.