from an elliots wave perspective we have completed the <ABC> correction which implies we should see prices rise higher soon . but still the lower boundary of the channel{ THICK BLUE} has not been touched hence i think there are two possibilities
1. we have a sideways move for a while till we have a touch or prices make one more drop to the lower boundary of the channel
2.we fail to make a touch and we make new highs
1. we have a sideways move for a while till we have a touch or prices make one more drop to the lower boundary of the channel
2.we fail to make a touch and we make new highs