If the lower line breaks decisively with decent (above average volume) then chances are it could fall further down as much as height of the triangle. Keep an eye if you're long on it.
Note
Price has moved up the channel now so it would either reverse from there or breakout on the upside. Keep an eye for breakout on either side.
True Wave Scanner - scanner.elliottwavestrading.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
True Wave Scanner - scanner.elliottwavestrading.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.