We're looking at a huge bearish Head & Shoulders pattern which may be perhaps the end of the Elliot cycle. A potential new Elliot formation may resume the bearish H&S down to the Fib. Expansion at 1.618, which is around the lower $700.00.
We shall see what will happen after it touches 1.618. Will it go up?
We shall see what will happen after it touches 1.618. Will it go up?