Reversal or retracement?

Reversal or retracement? I can't tell. It is still not obvious. The only thing that can confirm to me the change of the trend direction is breaking the last support level. If that happens, we can ride a very big down move. In the long term, I expect this scenario.
The another one is a little push up till the recent resistance level.
In the big picture, notice the falling wedges that the price has been moving in.