Could be a truncated e wave (double bottom) at the 0.5 fibonacci level. Could fall to the .618 level. Until it breaks the downtrend line, I guess we'll find out!
Edit: Realised AFTER I posted that my fibonacci tool was the wrong way up. Whoopsie!
@YD17, For the fibonacci tool, you have the 1.0 line in the direction of price action. If looking for where the price will extend to (above last highs) then the 1.0 will be at the top. For seeing retracements the 1.0 will be at the bottom, yes.
YD17
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@thekevin, Hi thank you.. i am new to this and only just realised you msgd back! appreciate it bro