Bullish divergence in play today but the old support area between 12.65 and 14.0 will probably now acts as resistance following the fall of yesterday.
Bearish bias as long as the price doesn't reclaim 14.0.
Standard pattern.
Broke pennant, short when back at the bottom point of the pennant (7860).
Theoretical target is the place where the pennant was broken minus the height of the pennant (see black arrow).
We can see the target is pretty much the 70.5% of fibonnacci. And it also match a support area. So our final target is (7650).
