Looks like we did reject the 61.8% Fib extension of the last up swing (green range). We rolled over and closed today below the 8ema. We also started filling the gap shown on the chart. Stochastics are still high so we have plenty of room to continue down.
I expect to continue down to at least the 50% retracement of the recent up swing (338-+292.02)/2 = 315.01. This is also below the gap and near the 20 DMA, as well as the previous swing high. Seems like a good target.
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