1st we saw a long-term
LT trend-line ("TL") form, which branched up into a medium-term
MT TL, and then up into short-term
ST TL's twice.
Whenever a TL breaks down, we expect a return to the next lower TL.
We therefore now expect it to descend below the red line
a-a toward the
MT TL and the yellow highlighted circle @ ~$1400.
Once this descent is over, wait for it to consolidate & confirm along the
When this consolidation is confirmed, it then constitutes a potential buying area. Until then, leave well alone and wait.