I have labeled two similar fractals - yellow triangle which represents the top fractal
and the blue triangle which represents the fractal
in which is the current price action. Yellow fractal's characteristics are that there's a shart down move followed by a cluster after which the price drops. Blue is a symmetrical triangle in which the price bounces as the price consolidates and which there's a significant drop
to the next Gann Fan
level. If we see a breakout from the downside off of the current triangle I would expect the price to drop
to the 8/1 Gann
level again which would make a higher low.