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Last chart has been zoomed out to put 2014 in perspective. Red dashed line from highs down is a 10% correction. I put that on there to put somethings in perspective.
I believe this is the channel reversal so I am looking to get LONG again tomorrow.
I still believe in BTFD, but looking for price to find some levels of support after yesterdays parabolic move. Today price is being wedged between ADN low and VWAP.
Big flush today. I have changed the hourly chart channel lines. The blue dotted line is the original channel line, the red solid line is a new channel line. The red marks a shift over the last week and I will phase out the blue dotted line after tomorrow probably.
Each break of the blue channel has been violently rejected. Up or down. Today saw a flush back into the blue channel and near the floor of the red channel. I am looking for AWR low at least. I am a buyer between 3930-3950.
