Expecting further drop if current point E marks the local top. Attempted to break up from triangle but may be fake out. Local wedge shown on 1D with bearish div on RSI.
Signs to look for:
Signs to look for:
- Breakdown of local wedge.
- Price closing back down into the triangle on a daily/weekly timeframe.
- Price closing under and retest/rejection of 92.643.
- Taking out 91.5 marks continuation of down trend (would make local lower low).
Comment:
May see relief in this area before resumption:
Comment:
Small relief rally as predicted, now back to the green area for further testing
