Big Volume to the downside could indicate a second leg down. The AB=CD would terminate around the .618 retracement from XA. Target could be there or a bit higher at the 0.272 extension of AB.
Stop above the big volume day. R/R = 1.5
And the trendline break should not reverse too sharply now.
Stop above the big volume day. R/R = 1.5
And the trendline break should not reverse too sharply now.