As predicted by multiple people here on TV, the fractal similarity to 2014 is continuing. We've now completed a head and shoulders pattern and broken below the neckline. This H&S pattern is better visible on higher timeframes, however, I would like to point out that this slight rise in price is simply a bear flag that is being painted on the 15 minutes. We can therefore expect further downtrends.
Comment:
However, it is unclear how far we will drop. There is a lot of support below this level in the 200SMA, 55SMA, Ichimoku clouds, weekly pivot etc. etc.