The upsloping pitchfork
in the chart is a T-pitchfork with a variable anchor at U.236 of the T-line. It seems the bearish
momentum has a lot to do before getting exhausted. If the leg beginning from July 2014 is an impulse, the final rejection from the downsloping UMLH should be the beginning of W5, whose possible target is the upsloping LMLH. Thus, if the downsloping UMLH will be broken, it will be at the red circle in the chart, and not before or above that. This means there's an ocean of shorting possibilities before us.