Very interesting, according to this weekly chart the price is developing a five wave decline that corrects a larger monthly impulse. Primary wave 5 (purple) is unfolding as an ending diagonal, a 3-3-3-3-3 structure ("zigzags") Looking at the internal structure of the diagonal we see prices is under bearish pressure trying to break a 0.61 fib proyection of wave 3 (orange) If the price breaks this level a good strategy would be to put sell stop orders below this level. Final target would be the 100% of diagonal's wave 3 (near 1041) This levels coincides almost exactly with the projected primary wave5=wave 1 (purple) of the larger impulse decline
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