It is expected that a trend change will be formed in the current support range and we will witness the beginning of an upward trend.
Otherwise, the continuation of the correction process will be formed according to the blue path, and there will still be an expectation of a change in the trend
If the price crosses the red support zone, it will be possible to continue the downward trend to the specified Fibonacci levels.
Otherwise, the continuation of the correction process will be formed according to the blue path, and there will still be an expectation of a change in the trend
If the price crosses the red support zone, it will be possible to continue the downward trend to the specified Fibonacci levels.