This pair in my opinion is in for a lengthy drop. If you look at the arrows on the chart, these are clear opportunities where you could have gotten into the market with no risk. What do all of these opportunities have in common? The 8 and 20 are relative to the 34 . Meaning if both the 8 and 20 are above the 34 , then it is a market. If they are below the 34 , it is a market. Also notice what is doing aligned with each arrow on the chart. Ironic isn't it? Anyways, taking in all of this information, I have measured out a possible ABCD move. Conveniently it would end right on a major support line. Shorts are favored.