Potential Reversal Zone

Well, we finally had continuation downside action after PDL at 1246.50 proved to be resistance. We went to the PRZ with the 1.27 fib and .886 fib cluster.

The 15min chart showed reversal is in the cards. The PRZ is also at the LBB and near the medianline of Andrews Pitchfork on the daily chart as shown in chart below.