First price could not break down to the CL, after reaching the U-MLH. This is called a "Hagopian". This means, price will go further in the direction from where it came.
And so did the Market: Price was running up, above the U-MLH and towards the Warning Line. But there again, price failed to reach the WL and that was another Hagopian, which means, price runs down more from where it came...
Now watch where price ran to... ...and don't miss out my Free ForkTrading BLUEPRINT on my website. See Footer below.