If i look at the big rise from 2017/2018 and our current swing i see certain similarities.
1. We created a top. 2. Downtrend and retest of the 50% of the swing. 3. Uptrend from the 50% and creating a swing high that takes out a big upper resistance 4. Again going towards 50% but this time no big demand showing up. 5. Fall under the 50% - this is where we are now in the current swing
If we continue like in the first swing we should see price falling towards the 23.60% level which interestingly is in confluence with the big resistance level (orange line) that created the 2017/2018 top.
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