the red channel, I call the central banking line, etc. An unnatural branch. An edifice of artificial creation.
(For the parallels of the steep downward as extras to the 0.382 & 0.618 I used a series from PPMCCs (two tailed probability tables) it worked quite well using multiples of 4, therefore assumption is dollar has a base of 4(?))
The reaction, to touching the 0.834 back in July was noteworthy, a quite stunning alacrity down. It has only ever been outside twice with disastrous results.
This weeks candle, a , indicating a move, and formed as a nod to the steep downward. My inclination is to start to see curvature downward, pressure, a bending, at some point a bit of a jolt down. (This is not meant to be any doom drama, just I have noticed sometimes semi arcs as between 2011 to now, break halfway)