G'day Cap, This could easily drop down to 20,500 The obvious key...

G'day Cap,

This could easily drop down to 20,500

The obvious key levels are the high on March 1st of 21,169. Thru that then the mid leg becomes the next target 21,070 on Arpil 26th. Thru that level and it's usually a quick ride south to the bottom of the pattern so around 20,500

IF IT gets worse then we are talking a massive drop to 20,050 and 19,650 which are the 127 and 1.618 extensions of the pattern BUT that is worst case scenario.

My sell trigger was 21,390 isolation bar low on June 21st

Back thru the recent highs and the pattern is a FAIL.

Let me know if you want another chart with these figures on them

Cheers