IMI Emerging Bearish Crab Update - September 7, 2014
Here is the update of IMI Emerging Bearish Crab that we analyzed last August 12, 2014 Here. IMI closed above the 161.8% Fibonacci Extension Level but found Resistance at 314% Fibonacci BC Projection. The Potential Bearish Crab is still valid because the BC Projection can be extended up to 361.8%. If it successfully breaks the 314% BC projection next resistance is at 361.8% (Php8.02).
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