Unless we see a very strong recovery rally today, we are likely to form a bearish Outside Week. Often an indication that a top is in place.
Broken out of the wedge to the downside
The formation has a measured move target of 111.37
Bespoke support is located at 111.32
We have a confluence area at 128.11-127.98:
1. 261.8% extension at 128.02 from 133.13-131.18
2. Bespoke support at 128.11
3. Lower lows at 127.98