If you're still reading this, you've probably seen other TA with triple bear flag in action (notably the notorious MPC), each subsequent drop much greater than the previous.
We see that all 5 elliot waves have now formed and the descend has already begun. My confirmatory point of the descent is the red triangle when it breaks out of the bear flag.
I look at the 15 minutes chart because it lets me assess the slope with greater sensitivity. I can approximate from the inclining angle of MACD bottoms and the declining angle into the first correction wave A that we're in for another sharp fall. Another supporting factor is that MACD is due for a flip off of the 4 hour chart which is my usual go-to.
Get ready to wave your arms up and scream everyone.
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