This remains only a theory for now, but we are potentially in the makes of a descending triangle. I am not saying it will play out, but you just happen to be bouncing off a support range while making drastic lower lows over and over again. Breaking this, could seriously yield us inside the Teal Box. This is a support range and it does seem unlikely to some, but this is what the chart is showing.
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Imagine that.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.