The price action appears to contract on the macro level but if we take a look at each swing from a geometrical point of view we have so many textbooks events that lead me to the idea that we might have finished something here and we are going back into the contracting area which eventually we'll reach the apex when we decide which way we are going in terms of trend. (This can happen earlier, of course, we just use the apex as a reference.)
We might have a reaction from here or not but breaking the white trendline it's quite a significant event for me so I will keep a close look on that one. (Obviously, the next chance will be when we test it from below in the case that we break it.)
We might have a reaction from here or not but breaking the white trendline it's quite a significant event for me so I will keep a close look on that one. (Obviously, the next chance will be when we test it from below in the case that we break it.)