There is an alternate bearish scenario. But this is my primary count.
Commentaire:
This is not to be taken as financial advice, just my opinion. The bearish scenario will come to play only if the price decisively breaches the support line in the next few weeks. However a bullish wick is desirable ca 450-420 level to clear the weak hands.
Commentaire:
The downtrend to 450 was confirmed today. There is a possibility of retesting the same level multiple times the next few days (or not.) However now we need a signal for trend reversal.