This is a short and simple analysis.
Multi-year long ascending trend line broken and retested.
Since 2017 PA formed a double top which is now being retested.
This thesis is also confirmed by volume ascending trend with dumping PA, and volume descending trend now that PA is retesting previous support => correction.
Only thing to expect next is continuation of downtrend.
Multi-year long ascending trend line broken and retested.
Since 2017 PA formed a double top which is now being retested.
This thesis is also confirmed by volume ascending trend with dumping PA, and volume descending trend now that PA is retesting previous support => correction.
Only thing to expect next is continuation of downtrend.