This is only the beginning of the formation of the Trigger for the gun. Just coming up from the top of the hand grip to form the trigger.
We found PS (Preliminary Support) back in Aug/Sep; ended in Selling Climax. Which, resulted in an automatic Rally, We just went through that and coming back up. Imagine water rushing up over that peek and hanging in the air...
Those in ETCUSD are heading down to a Second Test before another Automatic Rally and a TEST then a Spring and/or Up Thrust.
Could possibly go from Second Test straight into a Spring and/or up thrust without another AR.
Stay tuned.
Maybe, just MAYBE, this could be the beginning of a reversal of sorts, so let's wait and see if the price manages to consolidate above the broken trend line.
