This chart is usually for long not for short. After travelling long distance in latest down wave, odds favour at least small bounce to test a prior support-turn-resistance.
Updated 15th Feb:
Price found support and rallied. Unstable price actions past few weeks may suggest difficulty in breaking and securing blue resistance line.
Updated 28th Feb:
As expected, the bounce continued to the blue line.
Now its no man's land, to retrace or breakthrough?
