Bearish targets at 1310.00 and 1301.00 remain valid, but if you’re a night owl and there’s an opportunity to bottom-fish the 1316.00 ‘D’ target of the pattern shown, go for it. Its ‘p’ sibling lies at 1331.50, a support whose decisive breach implies that ‘D” itself is likely to be reached. You’ll be on your own if the order fills, but be sure to take a partial profit if you get a rally to the ‘c-d’ midpoint. A decisive breach of 1316.00 would imply still lower prices ahead.
