In an uptrend, the corrections drop to take support (red arrows) at prev consolidations (green boxes) and then resumes the trend. Now, after 3 successful supports, the current consolidation has failed to support the drop in price and likely will now offer resistance
This could be a sign of trend reversing and logical move would be to drop to the next green box
This continuation of prev Idea
Yorum:
1st green box target hit. There should be a relief bounce now
Shifting Green to the 1st Red box of resistance
IMO this is 1st major confirmation of reversal