Tuesday, December 31, 2013

PSEi Bearish AB=CD - 12-31-2013

Looking at Philippine Stock Exchange Index (PSEi) Yearly Chart, It seems that a Bearish AB=CD Pattern was completed with Potential Reversal Zone (PRZ) around 7400. The last candle stick was  a Shooting Star which is very Bearish. I'm looking for the following support for PSEi 38.2% retracement level at 520050% retracement level at 4500 and 61.8% retracement level at 3800.


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