A price action below 38.00 supports a bearish trend direction. Further bearish support for a break below 38.00 as well. The target price is set at 35.00 (its 61.8% Fibonacci retracement). The stop-loss is set at 40.00 (close to its 200-day simple moving average). A double top pattern or M-Top pattern might unfold. Remains a risky trade.