sharp fall to end of august, rise through october, then continue decline through end of year.
Nearing the top of the long term channel. $46 high is possible, but very unlikely. Should resume downtrend before the end of the week.
target 41.3 by end of day
We will see a rejection off of the orange resistance line and yellow channel top moving downward towards 1.295
Possible path for next few days
Sideways action followed by steep drops
Inverted Head and Shoulders
overall trend still downward
Currently tracing top edge of orange channel.
Could break out into red channel or fall down to bottom of orange channel.
Incoming drop to bottom trend line