Unless R1's all-times-high is broken, a short term bearish correction towards S1 (0.5 Fib and bottom of tunnel) is preferred. If broken, S2 (0.618 Fib and May's resistance/support) and S3 (0.786 Fib and March's resistance) are also optional.
PS: Got confused with the R's and S's in the chart. Sorry for that.
PS: Got confused with the R's and S's in the chart. Sorry for that.
Comment:
Next stop (hourly) invst.ly/41t7k
As long as Eve (curved) doesn't pass Adam and then breaks the ~1,900 support line, it might drop an equal distance to ~1,060$, which is the area of the long term trend line (green).
invst.ly/41sqw