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Is Anglo American poised for a sell-off to 872?

LSE:AAL   ANGLO AMERICAN PLC ORD USD0.54945
The share currently trades at 1080. A sell-off to 872 means 19% drop! This the downside target as per the measured height method. Take note of the large head and shoulders breakdown pattern.

The daily RSI is close to but not yet oversold. The weekly RSI shows a nice rounding top pattern and is sufficiently far away from the oversold region.

We also saw a typical shakeout of the 'weak bears' following the breach of the neckline on April 18. Prices then failed again to hold above neckline and here we are today... trading at 1080. It is not looking good for Anglo American and broader markets.

A drop to 872 (19% drop) looks likely if - Pound continues to rally and moves to 1.33-1.35 levels and oil             , iron ore prices slump. Well one may also consider a potential Trump Slump or Marine Le Pen victory this Sunday.

What if Fed strongly hints at balance sheet reduction tomorrow? All these factors could yield a drop to 872
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