Breaking this range is the beginning of a bigger decline
In this analysis, which is done on a daily time frame, an attempt has been made to discover the current market pattern, direction, and price position in a more comprehensive view.
As noted, the trend is still oscillating in a bearish trend under a descending channel.
In the last three months, the movement of the trend has been under the horizontal axis to build a corrective pattern, which has pushed the price to the upper limit of the channel.
Since last month's end, price movements have been established in the range of the bottom of the neutral channel.
This ideal form of the market has created a reliable state.
In this case, with the failure of the floor of the neutral channel, which is a warning that the price will cross the lowest price of the last month, it is a warning to continue the downward trend and wait for a decrease in the range of $33.00.