Price goes down as expected, I’ve said that we may have another leg lower after the minor rebound. Has come to retest the upper median line (UML) and the red uptrend line, but failed to retest the median line (ml) of the black ascending pitchfork and the upper median line of the minor descending pitchfork, signaling a decrease.
However, we need a confirmation that we’ll have a broader drop in the upcoming weeks, only a valid breakdown below the 38.2% retracement level will validate it.
