The larger weekly picture picture shows a massive head and shoulders-which cannot be ignored, but we don't believe there is any good chance of it playing out.
On a shorter time frame the previous diamond pattern has been nonproductive because price went through apex.
50DMA has started to curl up on daily suggesting possible breakout of ; momentum has been increasingly less negative confirming this theory. Very strong resistance and support at current level. Under 3.8 and above 4.5 it can move fast, set stops accordingly.