There is natural chart support of former resistance bars 5/17-5/26, prior 4th on 6/7, and the bullish engulfing bar of 6/8. The 61.8% actually is 3221.8 not 3269. Initial evidence of a low is to come above today's high but ultimately fill the large gap down, the bar preceding the gap high is 3637.95. If a low is soon about to be registered then that would make high to low both occurring successive mid-month window.
pechi123
⋅
I disagree, the lows made this month violates last month's low, a month that made an all-time high mid-month, that's potentially a very bearish pattern along with the large gap down looming over this issue. It has already retraced more than 50% from 2881-3773.08, and today is approaching the 61.8% @ 3269. Since the high was on 7/13, if a low were to take place perhaps it would be within 3 trading day period surrounding 7/15, that would start tomorrow, another potential is the first 3 trading days of the month, both periods especially the latter often see important highs and lows. Unless that happens August may be a key reversal down. So far today a new low on move 3286. Filling the gap and holding .618 support (within a few dollars) then an impulsive 5 wave bounce, are essential.