It has been some time since I have shown this chart. The new development is, that the lower Fibonacci-fan line has now been broken a we have seen two weeks of closing below it. That should open for a move lower towards the 127 area.In the bigger picture a potential giant Shoulder/Head/Shoulder top could be building. A break below the neck-line at 127 will activate the formation for a decline to 90 area.
The other possibility is that a triangle formation is building, but the target will still be the 127 area, before a rally towards the 143-146 area sets in.
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