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The last trend line (blue) has been broken and the push to break the last high was rejected as well as some consolidation can be seen.
My imagination: This lead me to think that the last high could be the first lower high. But do note the a lower low has not been formed and hence a down trendline cannot be established. A short view is based on this.
Invalidation: Price broke last swing high of 1.14523
My imagination: This lead me to think that the last high could be the first lower high. But do note the a lower low has not been formed and hence a down trendline cannot be established. A short view is based on this.
Invalidation: Price broke last swing high of 1.14523
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