Price is falling along with RSI and the new channel appears to be working as resistance above and to the right.
Indicates more downside to come until the right/above channel line is breached.
Worst case is price will move down and hit the left/bottom channel line to end this corrective wave.
Indicates more downside to come until the right/above channel line is breached.
Worst case is price will move down and hit the left/bottom channel line to end this corrective wave.
