It's just idea so such straightforward fractals have a habit of not unfolding, i could imagine some more brutal moves. (in many respect i find teh bottom formation in Mar-23 a way to late, i find it more likely in Nov-22)
Comment:
I believe that this idea is not necessarily invalidated and has followed the fractal nicely thus far. Regardless of that the key resistance has been tested for the 3rd time, I could see this supply level get taken out if we get momentum to test it properly (it is similar to support levels, the demand gets lower with 3rd or 4th test of the support). Let's wait and see for now. Reclaim with a conclusive close above the blue box would get me interested in the exploring higher range otherwise the idea remains unchanged.