MER is Near at Horizontal Support of the Descending Triangle - September 2, 2014

MER is almost at the horizontal support of the Descending Triangle. If it bounce from the support and breaks the Descending Trendline, the target price is at 50% Fibonacci Retracement level or the Flat Top Kumo of Ichimoku. Take note about the flat top/bottom formation is price action will have an inclination to move towards the flat top kumo. If price is below the Kumo, the tendency of price will be to move towards the flat top.