As I said Last week prics is prepared for a deep sellig As it initiatex from 1798 wherd it rejected several times and several years this also may cause a huge fallig or deep bearish as its supply zone in weekly, monthly and other time frames as the zone is stronger as the pre is likely to be strong sell
On daily time freme shows price made three touches at resistant line the wqs desennding line as it rejected in the previous day on trendline and it may go for a bit long to respect the D-top as it continue its bearish target.
Onotherhand the price show it has finished all retracement Fib levels as it currently at 0.618 level which may require to try to break as...
This is an illustration of long time trades that price will continue its selling or going into down direction to make the thirdbtouch of paralel trendlines or its is needed to finish the retracement levels of Fibunacci level 0.618 which is the strong demand zone where more buyers are waiting.
Please comment for your observations