Not enough momentum.
Updated
Previous prediction was overzealous. I've redrawn the light blue curve to terminate at a further date and changed the pitch to one with more contact points. There was a lot of interaction with the trend lines, but we lacked the momentum to take us up to the next trend line. We may stick to the purple line, but more likely the upper Gann fan edge... down to the next support and back up again, meeting with the light blue line later.
Note
Price is responding to curved trend lines and Gann fan.Note
Then there's that light blue line I moved... good thing its there.
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