Price has made a nice correction up to the 50 fibonacci retracement after the last impulse move to the downside when the double top formation was made. Price has also showed a slow down of momentum, & the correction may be coming to an end. Ill be watching for a break of the counter trendline for confirmation of the next impulse move to the downside to occur for a new potential lower low of the current downtrend.
Kommentar:
Close watch for a breakout !