After an impulse move we are looking for a retracement, however it is also possible for it to push up slightly higher and have more contact on the trend line then drop or it could just consolidate for a little while then drop significantly.
All of these possible outcomes so trade with care ;)
If it breaks trendline its likely to drop heavily but if it does not and lower prices get rejected further then it is likely to go back up and retest 1700
