DeanJJ

DeanJJ Updated 

We may bounce to 70.14 (61.8 of the last drop) or just drop from here, then back down to 61 (if we break 65.5) where we have some good fibs support, bounce and retest of 65.5 and then down breaking 61 and hitting 57.44 (50% retrace of a c leg up)... final bounce to 61.07 before a final drop to around 54 where we have a huge confluence of fibs: 61.8 of the c leg...

DeanJJ Updated 

Short term bullish scenario that may still be long term bearish... Note that in my opinion an H&S neckline is support until broken... Anyway we might rally to 12950 and then go back down to 11850... and there we will figure out if we break the neckline or we find support once again... But first we have big resistance around 12400