After another rejection from a long term resistance zone, PBR is now testing the lower limits of the channel its been in for four years. Looking for a drop to the $9-$11 range for long entry.
Based on the broader market movement I'm prepping to hedge and hoping I don't have to, but based on action within this uptrend suggest we may be breaking range in the next week or so.
Please don't take my drawings seriously.
