We have a rising wedge which will lead to further downside. However we need to see a clear break of the lower trendline support to see a completion of the 127% fib to then find a retest and continuation. I am expecting a rise over the next coming days before seeing the real move to the downside, we have a double bottom, support and trendline for the push upwards. Fingers crossed xx
Definitely it's a rising wedge. Price has been struggling in the wedge and has fallen out. Will price get back near to 126.2 before finally giving up the ghost? I don't know cuz my crystal ball is broken beyond repair. The bigger picture is for down side probabilities. Price could still rise to around 126.2 before falling out. However based on the size and power of the big 1D trend and sudden momentum shifts on the 4H I'm estimating early fall https://out.https://www.tradingview.com/x/h39HEdrQ/