This is nothing sure, and nothing I expect to happen, I am just trying myself as a market analist, only by using fibonacci extension i arrived to the conclusion we can arrive to the blue and red line region, and if we arrive there and we have a closure candle below the last lower closure candle this would be the perfect timing where we will fall a bit more,...
1.First scenario is retest the trend line and come back lower 2.Second scenario is break the trend line, come up, create the right shoulder to finish creating a shoulder head shoulder formation 3.Third scenario, break the trend line, do not create the last shoulder, and break the resistance and go up, This third scenario I don't think is going to happen,...