target 1 - 1942/1947: this area sits just below a .236 retrace and would line up with the potential for a shoulders patterns. For this pattern to play out 1942 (depending on timing) must hold. Failure there and the 2nd target will likely come into play. I believe many will be watching this area and it should get some support. However, a move below and target 2 could come quite quickly.
target 2 - 1926: this area would represent the primary target of the break. It lines up with the initial that created the base of the . Also this area represents the .382 retrace of the recent rally.
Red lines are multi year