- Price has been moving in a strong downtrend.
-PRice is struggling in a supply zone, that was once a demand zone
- price also retested a previous low
-it appears that a possible head and shoulders pattern will form
-the right shoulder has not fully formed and it look like it wants to form a double top, before the big push to the downside.
Comment:
Price can also be seen as respecting the 61.8 fib level