Heading for lower end of upwards trend channel. Using simple price action strategy it would seem it is headed for a test of the lower trendline then move upward towards area of resistence at the end of the first arrow. A break of the trendline may result in further downwards pressure.
Price seems to have broke through a major S&R region. Headed for consolidation towards upper trendlines before further selling. May approach previous level on bottom horizontal trendline (blue S&R), or major trend reversal.
