After breaking the weekly triangle (white lines), it is expected to go further downside. Before making big moves, a retracment have took place. To go further down it should break the horizontal lines (red). If it reaches D point a possible retracement to 0.362 and 0.618 might happen.
If it breaks up, it is expected to go blue trendline first and then if it continues it might reach lower white trendline (weekly resistance).
Not a trading signal, only for educational purposes.
If it breaks up, it is expected to go blue trendline first and then if it continues it might reach lower white trendline (weekly resistance).
Not a trading signal, only for educational purposes.