after this we can see mostly sideways price action but no real highs gained here, this indicate strong pressure. then we can dial down to the purple fork on the 4 hour timeframe, and once again we can see price cannot reach the upper paralel, the pressure is still present and this indicate the pair is in a down trend at this moment and has been for some time. on the purple fork it just broke the and should reach the lower paralel to start with, but we should expect a pullback to the even if it looks strongly ,
Andrew stated that when the is broken, there will be a pullback. I will take his word for it. and finally we have the great big fork in gold , this is the possible "new" fork we would see if price really brakes down, it is not in effect yet. but then it's will be the first target, this can be traded on all timeframes from monthly to 1 hour. I feel the top down approach is important to get a idea on the general direction of the market, and on top of the cream, we have a lot of divergences on the indicating the breakdown could be soon.
I suggest a short from the 4 hour or 1 hour, (same fork) Monday, then hold if for as long as you can. one thing that could be key is the 45 degree up projected from the very low,
when placed at the higher low, it is still above it, but when that brakes, it will be no turning back.