So looking at the daily timeframe we can see the support has now been tested 3 times, we are also getting lower highs and the trendline is following down to the 50% Fibonacci level, will we see a break of the support or a test of the 50% Fibonacci level? Which could lead to a soon breakout if the support doesn't break and the highs keep coming lower?
What are your thoughts on this?
What are your thoughts on this?