Wyckoff trading method, page-1186

Price attempted to reverse today, but the effort was thwarted at the breakdown line.........which is not a good look.
A breakdown line is a logical place for price to fail.
Anyway, it is not complete yet, so it could still recover that level, but with all that extra volume today it should have done better no doubt..........
On my weekly chart there are multiple levels of previous support in a broad congestion zone to the left between 1.56cps and 1.78cps, there is a decent chance a line in the sand will be drawn in there somewhere (which also matches up with your PnF count somewhat).



cheers