That would most likely count as a retest of a broken trendline so no, it won't go down not until it hits the upper market zone which might break too.
But above picture is a Fibo Arc and it was respected.
That would most likely count as a retest of a broken trendline so no, it won't go down not until it hits the upper market zone which might break too.
But above picture is a Fibo Arc and it was respected.