BPZ Follow Up

Here are the short and longer term charts for BPZ.

 BPZ from a descending wedge to a very predictable up channel, today looks like a shakeout of longs below support. I like the increasing volume, I'd like to see a "Hammer" candlestick form, that would give us a much higher probability reversal to the upside.

 The BPZ intraday 1 min chart, no downside confirmation.

 The 5 min chart showing exactly where that predictable up channel was, it's not surprising it was shaken out and 3C shows the negative divergence in the channel and that is was coming, it's also showing a leading positive divergence at this move today.

 BPZ 30 min trend looks pretty clear, from negative and a downtrend to a positive during what has been largely lateral or base-like trade.

The 4 hour chart goes from up trend confirmation to a negative divergence at the high, a down trend, followed by a leading positive divergence. I like the probabilities for BPZ, I still want to keep most long positions on the speculative side.