€$

We are making a rounded top and may make another before going lower...this is a big one so the move will be in proportion. These 'ledges' or 'steps' are not easy to trade and consist of endless price failures and a break of any previous low pivot usually ends up with a retracement back up above that pivot. Unless you sell the top of each 'step' and hold the short position but there is the added risk that price may not reach the CL & reverse although in this case it looks highly improbable.