Thought it resembled an ascending triangle -- which *could* break to the downside. I am conflicted, looking at the daily, 3 red candles could be part of a continuation pattern. Looks violent on the lower timescales, but on the 1 day -- not so violent.
On small time scales I saw an ascending triangle, often associated with primary waves and corrections alike. what followed was an impulse down. an impulse may the the beginning of a larger impulse, or an abc correction. it seems like it was just an abc. The potential of a primary wave at that point was large within the medium scale so I felt I should give warning in case anyone was long. maybe in was too small a time frame to bother.
I also feel like there is really no good reason for further moves to the downside at the present moment based on the daily time scale.
