In Theory, 1278 is the neckline. 1278 also happens to be the Support/Resistance line since March 2016.
When the neckline breaks, target is neckline-head length, giving us a target of 1241. Perhaps 1244 is a better target as it is also an important support/resistance line since Feb16.
When the neckline breaks, target is neckline-head length, giving us a target of 1241. Perhaps 1244 is a better target as it is also an important support/resistance line since Feb16.