
We are testing important support here at 1,108 (neckline support of a major Shoulder/Head/Shoulder top), if this support breaks we are looking at a 813 target.
Looking at the MACD-Indicator it's turning down below the zero-line, which is quiet negative for the outlook and raises the odds for a break below support.

Short term we can see support at the red falling Pitchfork, if however this support breaks we will see acceleration to the downside.
The neckline will now act as resistance.

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