Awaiting to see what happens here:
- We could either have a break of the current market structure to the upside roughly around the -1.272 fib retracement of the previous leg to the downside (maybe slightly less due to market structure).
OR
- A break below the CTL and a continuation of the bearish momentum to the downside. We should be looking for a fib extension of 1.272 - right near a monthly/weekly resistance level.
- We could either have a break of the current market structure to the upside roughly around the -1.272 fib retracement of the previous leg to the downside (maybe slightly less due to market structure).
OR
- A break below the CTL and a continuation of the bearish momentum to the downside. We should be looking for a fib extension of 1.272 - right near a monthly/weekly resistance level.