Chart shown as at 13th Feb 2014 1238pm.
Since the last posting on 7th Feb 2014 price has cleared the blue mid band and is now challenging the upper resistance band of the bear claw formation.
This will be the 8th attempt to escape from the claw trap. The previous 7 failed attempts are indicated by the red bear icons. Current escape shown by the blue bear.
IF this 8th attempt succeeds price will retest the next resistance zone at $3.06 - $3.05
However, should Mr Grizzly wins again expect a pullback to the blue mid band.
IF mid band support failure happens then a retest of $2.73
Below $2.73 will see the lower support of this bear claw formation being challenged again.
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