With coming news of The United Kingdoms exit from the European Union we are seeing increased . Bears are starting to gain strength and bulls are not risking more than they already have due to The uncertainty associated with the effect of the Brexit. (shown here in the red triangle)
Since January we have been in consolidation (shown in blue)
March and April had a near 1 to 1 Pattern
Bears are becoming stronger than the bulls recently causing swings to be wider and wilder. All while is picking up steam. We have a long drop to the bottom.
Targets shown in Green, near Ratio Confluence and Structure .