This is likely the last bout of downward pressure before we begin to go up exponentially in the month of March, 2020. It's POSSIBLE they could take it up a bit first (bull trap) just before slamming it down between $3.09 to $3.20. This coming "estimated" move down is NOT GUARANTEED. This is only my opinion based on my observation.
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Simply a "Pull-Back-View" of the larger picture...
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We can see we still had upward pressure at the time when I posted this publication. Especially, if you have a look at the 90 minute TF (below). However, the Red RSI is NOT at 56% or higher. Which means the price action will turn down WITH the White Energy WHEN it exhausts. The White Energy is already at 88% in the 90 minute. It won't be long before it begins to turn back down. My opinion of course.
You're welcome... Be sure to have a look at the 90 minute chart just posted in comments. Not sure if I posted it before your feedback or not. We ARE going up CURRENTLY but I do expect it to turn back down for a deeper drop. My opinion of course.
ipa22
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I enjoy and appreciate your perspective. Thank you for sharing!