I'm now changing the bias to ...
Now that price has broken below the support of the , it looks like the next target (according to the difference between the high and the low of the triangle) is at $1,390
We also have a bunch of fundamentals supporting the downside (as peripheral confirmation) including:
1. Optimism with the cut down on tarriffs with the compromise that China buys more farm goods
2. Citigroup and JP Morgan cutting their long positions
3. Positive results with ISM with 13 industries which is bringing back investors into buying stocks sending indices to all time highs.
Let's see how this one pans out...
Founder, MATI Trader