PA has bounced off a minor rising TL and seems to still have more pressure for another run up. We have lots of clusters up top with a couple of buy clusters that can help push PA up if PA is able to break through that very strong sell cluster at 0.91131.
PA seems to be at a crossroads. There is a huge sell cluster up top at 1.095 that PA is going to really want to take out before heading down, but the current overall direction seems to be down. Will wait and see for now.
PA has broken the rising correction TL and is currently testing a support cluster. I believe PA will slowly keep breaking the support levels until it finally hits a re-test of 1.20 cluster.
PA is breaking through the correction up trend line and I'm expecting another leg down as GBP continues to fall post Brexit.
PA has bounced off the falling TL and is currently going back up to re-test. I'm expecting PA to continue down to take out the lower blue clusters around 0.7500.
PA broke the minor rising TL as expected, went down and took out the strong sell cluster at 1249 causing the spike down and now after market settles, we should see continued movement down to target those lower clusters.
PA just hit 2 buy clusters and there another one right above still. I'm expecting price to keep rising to at least hit the cluster at 105, possibly higher to test the 3.618 extension.
PA did a very strong bounce off the huge cluster at 0.98610 and that may be enough pressure to send PA up to hit the 1.618 extension first before dropping back down, wait for a break of the swing high to enter.
PA did a strong bounce off the minor rising TL and I believe we should still see some more up movement to hit the upper clusters before a final break down.
PA has broken the minor falling TL, but has reverse and looks like it might go down again to re-test the broken TL as well as take out a support cluster below.
PA is consolidating but there are still 3 very strong clusters right below that I think PA will take out first before a real move up. Wait for the break of the rising TL then short targeting the lower clusters.
PA looks like it's doing a correction but will probably go down to take out the only cluster at the bottom before heading up. Neutral for now.
We are now starting to see market stabilize and clusters form again. Looks like pressure is to the upside with 2 strong buy clusters at 1.23 and 1.24 that will help push price up, but wait for a break of the falling TL first.
PA has reversed and is continuing it's downward path to target the very strong cluster at 1.0950 and possibly further to take out the bottom cluster as well.
PA is ranging around and seems to be trying to hit the cluster at 115.190 for a spike up, but we may see some more downside before PA can get there.
The GBP gained some strength back causing PA to spike down. I'm still expecting GBP to go down some more, but not sure how long this retrace will be so I will wait for now.
PA has made a double bottom bouncing off the minor rising TL. I'm expecting PA to move up to take out at least the strong cluster at 1.09407 before we see a break of the rising TL.
PA broke down hard with a ton of pressure and blew right past the huge support cluster at 1.4500 that I was targeting. I'm out of my shorts and now looking for a position long targeting the 2 newly formed resistance clusters up top.