Names little, some would suggest that most of the known fundamentals are reflected by the charts and so breaking the blue line and reaching for the dark red line in my chart wouldn't be a good sign. However as mentioned the dark red line looks ready to receive its third touch a with that also become a valid TL throwing its weight around giving support right there! So at this stage I wouldn't discount it as because it is also in the area where I would suggest the final low might be established. Remember I pointed at the Fib 100% retrace level at 8,8c some time ago if not month ago. So anywhere near there including the dark red TL would be my suggestion!
Here is that updated LT chart again ...
Charting 2.0, page-2148
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