Major trendline break

26 May 2018

We have been trending up since May of last year and have finally broke the trendline on the weekly. With a strong move down so far everyone is looking for the retracement point. Im still bearish will trendlines on the smaller time frames are broken. Also not the .618 fib price level as we could go straight down till there before retracing which also matches with the support level. Look for harmonic patterns emerge on smaller time frames.