Price is very heavy on the Daily chart and looks unstoppable. You can see that has resumed the bearish movement and dropped below the median line (ml) of the black ascending pitchfork. Right now is approaching the upper median line (UML) of the red ascending pitchfork. A valid breakdown below this level will signal a potential leg lower. I want to remind you that support can be found at the sliding line (SL) and at the 38.2% retracement level as well, but a larger drop could come after the failure to approach and reach the sliding line (sl) of the black ascending pitchfork.
