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The range was formed by the Oct. 3 low and the 23.6 percent Fibonacci retracement on the fall from $2,438 to $2,130, a rise above which will open the way to 2,248, the 38.2 percent level. Only a drop below $2,130 could confirm the resumption of a preceding downtrend, towards a wave (5) target at $2,040. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.