If prices start to drop from 4780 level, a (perfect) bearish Gartley harmonic pattern can be validated.
A long term resistance would be validated too, and a medium term resistance (the fork).
First, prices could drop to the 4600 horizontal support, then rebound, and retest the resistance, before falling sharply to a long term support (2010-2016).
Ultimate target is 3500-3600
A long term resistance would be validated too, and a medium term resistance (the fork).
First, prices could drop to the 4600 horizontal support, then rebound, and retest the resistance, before falling sharply to a long term support (2010-2016).
Ultimate target is 3500-3600