has been bearish
for the last three years as we see on the Weekly chart, but that is likely over as A-B-C correction is currently unfolding. The first wave A has already made 5 waves up, which confirms a new bullish
cycle. In wave B we can see a zig-zag
pattern, that is near completion. We see some significant Fibonacci support levels around 345 on a Daily chart
, from where a bounce could occur.