The long term head and shoulder top formation continues to play out with the neckline being rejected while we have also seen the long term trend line going back to 2003 being rejected which signals a further deteriorating technical outlook. My target here remains 1600c.
Below we highlight the original chart published during September 2018 at 2719c, followed by the current chart.
Below we highlight the original chart published during September 2018 at 2719c, followed by the current chart.