![](https://cdn.steemitimages.com/DQmbST55vmekqKzy2MjhqVYJyveqXHPNi7DkowDxz3LWSxt/image.png)

So the break below the trend line has taken us to a short trip below the .618 and currently sitting above that level making a bearish flag pattern on the 2hr chart. This would normally be an area to jump back in on a long position but we need to see proof of life before committing resources to this trade.

![](https://cdn.steemitimages.com/DQmbpB5n5jfDSLF1CnJR9mWWxDzoXQgbKLNwYteKb4LinCM/image.png)

On a 30m chart you can see why I'm in no rush to pull the trigger as there is nothing in this pattern that suggests price will start rising. In fact this is suggesting more downside is in the works.