March Crude-Failure to make it to the ML

Here you can see a great example of failure of price to reach the median line and the sharp fall that follows and typical objective(s) that may provide support.



The result is here below

Price falls through to the new down sloping ML (turquoise blue) and may find support there or indeed fall a tad lower to the mod Schiff MLP (white dashed line).

Incidentally, the modified Schiff lower parallel (white striped) line is identical to the position of the 'trigger' line (dotted magenta/pink) of the original magenta/pink coloured 'up sloping' failed ML & is a possible objective for price.