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TEL Sitting at Upper Parallel Line of Pitchfork - August 31, 2014

For the month of August 2014 (Ghost Month) Tel is up 13.1%. Currently TEL is sitting at  the Upper Parallel Line of Pitchfork and closed above 161.8% Fibonacci Extension level the Potential Reversal Zone (PRZ) of a Bearish Crab Harmonic Pattern. Take note that there is a GAP between 3158 and 3200. Stochastic is already at overbought level.

Will TEL respect the Upper Parallel of Pitchfork and eventually respect also the PRZ of Bearish Crab? Let's see in the coming trading days. Caveat.






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