We have a Break and new low in place in D channel. The 4h is still bearish, so it looks like we will get a second leg to an additional new low or test of the Daily low. Once completed, expect a DAILY correction or possible reversal. So a good move to the upside should be coming in the next few weeks.
Comment:
4h chart: be careful buying too early, a move back to the 1.0933-37 range may be part of a consolidation for one more move down to test the D lows (purple). We CAN go up without testing again, but the looks of it on D/240 have me suspecting a test or new low before we begin the DAILY move to upside/correction..
