Potentially Heading Down to BB Lower Boundary in the 2-Day TF.

As pointed out in the video; the White Energy in the 3-Week and 4-Week Time Frames appear to be approaching the 50 level and may likely fall below the 50 level; resulting in more downward pressure. Must the price action continue falling during a period of downward pressure? No! However, we can say the BEST we can expect is "sideways" and the WORST we can expect is the price action to fall further. If we have "Sideways at Best," that could mean we continue in a trading range between the 0.382 and 0.236 FIB Re-Trace Levels. If we see "Downward at Worst," we could easily see the price action fall down to the lower boundary of the Bollinger Band in the 2-Day Time Frame, which is fairly close to the 50-EMA in the 2-Day Time Frame. It may take some time to see the "Worst" case scenario play out. This publication is labeled a "short" position for the Near to Mid Term Time Frames.

Happy Trading and Stay Awesome!

David

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Simply posting a chart to look back on for future reference:

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UPDATE:

Simply posting a chart for future reference:

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UPDATE:

Likely working our way back up to the Bollinger Band Basis (BB:Basis) at $1944.20 over time before likely falling back down to a lower low.