3870 has built support at this key level, and with such a long-term trendline broken, this is the first strong, clear move up. Get out of shorts, and at least buy, but I am long. In the unlikely event that price dips below 3780, then look for signs of this being a fakeout. The USD prices for these levels are around $580 now and $565 at next lowest support.
This could be the breakout of this triangle up or a fakeout and more sideways and a chance to average in to a better price. If last local high of 665 is broken it is confirmed. May just go up and find another level to go sideways.
In addition to these incredibly clear harmonic reversal patterns shown, the larger one makes up part of a monthly bearish harmonic pattern that looks the same at the top of a large yearly uptrend. This looks like an incredibly strong indicator of a full reversal into a bear market in about 4 months.
There are also fundamentals that happen to confirm this such as...
This may be a variation on c&h leading to a new support building level
In that case, looking for new yearly high within a few days.
Dropping below the handle at 3682 probably means lower to test near 61.8% retracement around 3300-3400.
Since this recent breakout from this triangle, the 5 up waves have terminated and the down waves have began. Once the wave 2 low breaks, a good safe target is 2400, although another 150 to 2250 would be within range in this scenario.
(Invalidated if price goes above wave 5.)