A five-wave pattern shown from the 69.45 low is very near its completion. Our blue wave (5), in a final leg of that pattern, is showing the structure of an ending diagonal, which signals a coming turning point. Any break through the lower red support line will confirm that scenario and will put a minimum downside target at 77.00 in play.

There is also strong bearish divergence shown on MACD that also signals for near-term lower prices.

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