is making an inverse cup and handle
formation, If this pattern plays out, we should expect to reach the 4.7 target around september-october where the rising support trendline
(in black) is. This trend line
has been spot on on giving targets, it connects the 3 lows from 2009, 2012 and 2016. There has also been a recent bear flag
which projects a target at 5-5.1. We might get a small rally from there, although I believe 4.7 will be eventually reached.