However, there are other Fib targets below that should be watched along with the neckline at approximately 1390. Note the adjustment to the gray option.
I have now added the purple option, which is a very bullish nested 1-2 up.
The 20 day SMA is currently at 1393. Options blue and purple would favor this as support before a launch higher.
Option gray is shorter term bearish but eventually will result in prices higher from the 1380 zone.
Green is the only bearish count at the moment.