As you can see, a downward trend line has been formed that seems to be very strong. It has now reached a support that we think is strong enough that it will not break easily because its touch points are high. We are currently witnessing a strong compression. If this compression is broken, we will see a strong downward or upward movement.
If support is maintained, we may see the price approach the trend line, but if it breaks, we may have to wait for the next support.
