Pattern: The stock completed a medium term upward correction [ (A),(B),(C)] in March. The long term trend is down, so in theory the current decline should be in five waves [1,2,3,4,5] (impulse wave).
Next move: wave 3 ended at 1286.5, wave 4 up is underway. This fourth wave could end near the 38.2% Fibonacci retracement [1389]. The next move will be down [wave 5]
Target: 1200 in the short term.
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