In the prior update I said: "The extreme bearish possibility is a hypothesis drawn with a red line to demonstrate a potential Head & Shoulders Top that may develop and have price retrace down to approximately $17,500ish."
So far price action has followed the red line quite closely and is in the proximity of the price zone where it has been hypothesized to reverse if it were to follow such a trajectory. I called for a recent reversal a little prematurely and currently on watch for one to possibly occur around this juncture, in my humble opinion.
All the best!