price without the candlestick being visible can show a vivid description of a flag pattern formation. i'm anticipating an AB=CD in the descending channel. using the fib retracement tool, price is currently at the 50% retracement level but could go down to the 61.8% level before pulling back. looking at price from the daily timeframe, price is currently making a retest on the trend line after a breakout of the current downtrend. for additional confirmation FX:EURJPY