Price managed to drop below the fourth warning line (wl4) again and now is challenging the 38.2% retracement level, a valid drop below this obstacle if all what we need to know for sure that will drop further. Technically should drop further, having the next major target at the fifth warning line (wl5), will approach this level if will ignore the support from 50% and 61.8% retracement levels. Could be attracted by the confluence formed by the wl5 with the WL2.
