On the four-hour chart, the price is moving within a long downtrend, holding at the level of 153.43, while in the area of the key support line of 150.98, one can identify the formation of reversal Piercing pattern, Long-Legged Doji and Morning Doji Star, which indicate the activation of purchases and warn of a potential reversal of the trend upwards.

Shares of consumer goods maker The Procter & Gamble Co. are trading in a long-term downtrend: over the past two months, price movements have stabilized in the range of 160.94–156.25 (Murrey level [7/8]–[4/8]).