It's one scenario, it seemed the most likely to me as per my lower trend line based on past behaviour and common TA indicators.
Another scenario is a continued downward trend as suggested by horghe.
As per my chart https://hotcopper.com.au/posts/34951662/single I did note a downward trend/channel forming but it traded sideways out of it, which is why I'm not 100% on board with that yet. Guess we will find out soon.
My comments on the chart are unchanged atm.
It's one scenario, it seemed the most likely to me as per my...
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