9 Days ago I published a chart where stated that if this was an impulse to the down side, the movement should accelerate.
Well that was not exactly what the price did, but yet as well have not prove the contrary.
As you can see in this follow up the down side movement since then still forming an impulsive wave with 5 clear movements, followed by a clear zigzag as well too.
And afther the ((A))((B))((C)) pullback a some what fast fall, this all together makes a case for an still down impulse that should accelerate.
Of course as far as now the major obstacle is the multiple times touched support arrownd 0.84 once breaking this zone the chances for a fast down side movement improve noticeably.
Well that was not exactly what the price did, but yet as well have not prove the contrary.
As you can see in this follow up the down side movement since then still forming an impulsive wave with 5 clear movements, followed by a clear zigzag as well too.
And afther the ((A))((B))((C)) pullback a some what fast fall, this all together makes a case for an still down impulse that should accelerate.
Of course as far as now the major obstacle is the multiple times touched support arrownd 0.84 once breaking this zone the chances for a fast down side movement improve noticeably.