As portray on previous post, Lower high 2 was formed at the expected area (failed to move above MA200)
General sign of continuing bearish trend: -Lower Low 2 fail to retrace 0.75 fibonacci retracement of Line B -Moving under MA200 -Candlesticks under ichimoku cloud
Currently forming - Line C , which is supposed to form Lower Low 3 (LL3), is expected reach area around 33X, 1:1 expectation of downtrend Line B.
taking a look closer within line C being formed,
1. Line b is steeper and larger in magnitude compare to line a 2. the first retracement(blue): 0.5fib of line a the current retracement of line b is at 0.318fib of line b (weaker retracement) expect downtrend to continue, expectation of 1:1 of line b to be met after the current retracement is done