Following the Wyckoff accumulation pattern, we are currently in Phase C. Price breaking downwards out of my wedge looks set to be retesting the wedge after breaking out of a mini triangle. Price target from the small triangle fits nicely to the fib level of the wedge retest. Price target down from the wedge retest is the height of wedge and falls nicely to my green box which are fib levels from the 28.8k level.
After this retest we could be looking into Phase D and beyond.
After this retest we could be looking into Phase D and beyond.