Decrease inside is happening
on 17.40 made and in D point there is also I resistance, which supports bears. This pattern is opposite to previous and has a form of lear BC line. For 3 days (From Monday to Wednesday) bulls tried to break 17.40. It did not happen and as a result on Thursday price took control. There was dynamic movement and now price is at 7 days low.
In short term we should expect dynamic moves which shows up after moving down to BC range. Depending on strength of bears price should stop in 17.00-16.500 area. There should be correction.
In middle term decreases can be continued with testing of May’s lows. This would happen according to our scenario from April 17th – May 9th .