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pennies2007

04/11/16 12:10 AM

#139147 RE: Heavyweight #139145

Just looked at the weekly, also...was kind of getting a bigger picture idea of where AJ is.

But the weekly only qualifies as a pivot at this point. And the daily shows too many candles to be a true demand zone. It is a consolidation zone for sure though. But pivots and consolidation zones can provide bounces as well. The only real difference is they don't have as much staying power as a fully valid supply or demand zone.